TORONTO, June 3, 2013 /CNW/ - Bridgehouse Asset Managers (Bridgehouse),
the new retail trade name for Brandes Investment Partners & Co., the manager of
the Bridgehouse Funds (formerly the Brandes Funds) today announces a
change to the risk rating of the Brandes Canadian Equity Fund.
Bridgehouse assigns an investment risk rating to each fund it manages.
Each year, in conjuction with the fund's prospectus renewal, we review
the risk ratings of each Fund. In conducting the review, Bridgehouse,
following the methodology recommended by the Fund Risk Classifcation
Task Force of the Investment Funds Institute of Canada (the Task
Force), re-calculates the standard deviation of each Fund's volatility
and compares it with Task Force's Volatility Bands to determine if
there have been any changes from the previous year. In addition,
Bridgehouse also assesses whether there are any qualitative reasons
that impact the risk classification and determine if an adjustment is
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 (i.e. emerging markets or small
capitalized securities) 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 our
review, the Brandes Canadian Equity Fund's risk rating has changed from
Medium to Medium to High risk.
The investment objectives and strategies of the Brandes Canadian Equity
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
we assess and determine the risk ratings of the Funds by calling us at
1-888-861-9998 or by email at email@example.com.
About Brandes Investment Partners & Co.
Brandes Investment Partners & Co. is the Toronto-based manager of the
Bridgehouse Funds and affiliate of Brandes Investment Partners, L.P.,
of San Diego, California (Brandes), which is a sub-advisor to certain
Bridgehouse Funds. Brandes is a leading global investment advisory
firm, managing assets for institutional and private clients worldwide,
including assets for Canadians in separate accounts, wrap, private
client investors and through the Bridgehouse family of mutual funds.
For more information on Brandes Investment Partners & Co., visit: www.bridgehousecanada.com.
Brandes Investment Partners & Co. (Brandes) is the manager of the
Bridgehouse Funds. Units of the Bridgehouse Funds are available through
registered dealers only and not available through Brandes Investment
Partners & Co. 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
SOURCE: Bridgehouse Asset Managers
For further information:
Bridgehouse Asset Managers