TORONTO, April 22, 2016 /CNW/ - Bridgehouse Asset Managers (Bridgehouse), the retail trade name for Brandes Investment Partners & Co., the manager of the Bridgehouse Funds, today announces a change to the risk rating of the Brandes Global Opportunities Fund and the Brandes Global Balanced Fund.
Bridgehouse assigns an investment risk rating to each fund it manages. Each year, in conjunction with the fund's prospectus renewal, Bridgehouse reviews the risk ratings of each fund. In conducting the review and following the methodology recommended by the Investment Funds Institute of Canada (IFIC), Bridgehouse re-calculates the standard deviation of each fund's volatility and compares it with IFIC's Volatility Bands to determine if there have been any changes from the previous year. In addition, Bridgehouse assesses whether there are any qualitative factors that may have an impact on the risk classification and if an adjustment may be appropriate. Several qualitative factors are considered, such as the extent to which a fund has exposure to securities that are generally considered to be higher risk (e.g. emerging markets) or recent unusual market conditions that may have impacted a fund's volatility. Any qualitative factors that are identified are documented and maintained on file along with the final determination of the overall risk classification. As a result of this year's review, the Brandes Global Opportunities Fund risk rating has changed from "medium to high risk" to "medium risk" and the Brandes Global Balanced Fund risk rating has changed from "medium risk" to "low to medium risk."
The investment objectives and strategies of the Brandes Global Opportunities Fund and Brandes Global Balanced Fund do not change as a result of this risk rating change.
You can request a copy of our policy that describes in more detail how Bridgehouse makes its assessments and determines the risk ratings of the funds by calling 1-888-861-9998 or by emailing at firstname.lastname@example.org.
About Bridgehouse Asset Managers:
Bridgehouse Asset Managers (Bridgehouse), a trade name of Brandes Investment Partners & Co. since 2013, offers time-tested investment solutions to Canadians, leveraging the expertise of world-class investment managers. In everything it does, Bridgehouse is committed to partnering with investment professionals to help Canadians reach their financial goals and become smarter investors. Bridgehouse offers 25 mutual funds featuring a variety of asset classes, styles and objectives to meet individual needs for growth or income. Our investment managers all employ an active management philosophy, with a goal of outperforming benchmarks and peers, and helping investors build long-term wealth in their portfolios. Through one source, investors can access the expertise of four world-class investment managers: Brandes Investment Partners, L.P., Greystone Managed Investments Inc., Lazard Asset Management (Canada) Inc. and Sionna Investment Managers Inc.
For more about Bridgehouse visit: bridgehousecanada.com and follow us on LinkedIn
Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers (Bridgehouse), is the manager of the Bridgehouse Funds. Units of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
This news release is for information purposes only.
SOURCE Bridgehouse Asset Managers
For further information: Media Contact: Matthew Brundage, Vice President, Product Management, Bridgehouse Asset Managers, 416.306.5748, email@example.com