BRANDES INVESTMENT PARTNERS & CO. ANNOUNCES CHANGES TO BALANCED FUNDS

TORONTO, June 27, 2011 /CNW/ - Brandes Investment Partners & Co. (Brandes), the manager of the Brandes Funds, today announced that it is appointing State Street Global Advisors (SSgA) as an additional investment sub-advisor on the  Brandes Global Balanced Fund and the Brandes Sionna Canadian Balanced Fund to manage the fixed income portion of the portfolios. Brandes is making this announcement today pursuant to its obligations under National Instrument 81-106 to provide timely disclosure of a material change to the business, operations or affairs of an investment fund.  The fixed income investment strategies of these funds are also being changed to reflect SSgA's fixed income management approach.

"Investors want consistency and predictability from their balanced funds," Carol Lynde, COO of Brandes said. "SSgA has a long-standing history of providing exactly that for Canadian fixed-income investing."

"We are delighted to have been selected for this strategic relationship with Brandes Investment Partners & Co.," said Peter Lindley, managing director at SSgA Canada, Ltd.  "We are helping Brandes make client-focused and efficient fixed income solutions for its client base."

About Brandes Investment Partners & Co.
Brandes Investment Partners & Co. (Brandes) is the manager of the prospectus qualified mutual funds referred to above as the Brandes Funds.  Brandes is an affiliate of Brandes Investment Partners, L.P. (Brandes LP) of San Diego, CA.  Brandes LP is a global investment advisory firm, managing more than Cdn. $44 billion of assets for institutional and private clients worldwide. Brandes applies the value-oriented approach to securities selection pioneered by Benjamin Graham, identifying investment opportunities within a long-term context and following a time-tested value discipline in all market conditions. The company's web site is: www.brandesinvestments.ca.

About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world's leading providers of financial services to institutional investors.

SOURCE Brandes Investment Partners

For further information:

Mrs. Leah Brock
Senior Vice President, Marketing 
Brandes Investment Partners & Co. 
416.306.5706

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