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
"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
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
SOURCE Brandes Investment Partners
For further information:
Mrs. Leah Brock
Senior Vice President, Marketing
Brandes Investment Partners & Co.