New Bridgehouse Funds Offer Established Institutional Expertise to Canadian Retail Investors
TORONTO, Nov. 4, 2014 /CNW/ - Bridgehouse Asset Managers (Bridgehouse) (www.bridgehousecanada.com) today announces key changes and enhancements to its world-class lineup of investment solutions:
- a new Canadian fixed income fund where investment decisions are primarily driven by expectations for interest rates and the shape of the yield curve;
- a new global balanced fund that seeks to lower volatility and generate long-term growth and income;
- changes to the fixed income component of three Bridgehouse balanced funds; and
- a new sub-advisor in respect of the Brandes Canadian Money Market Fund.
New Greystone Canadian Bond Fund:
Bridgehouse now represents the first Greystone Managed Investments Inc. (Greystone) branded mutual fund to retail investors across Canada. The Greystone Canadian Bond Fund, a fund managed by Bridgehouse and sub-advised by Greystone, leverages the fixed-income expertise of Regina-based Greystone, a highly respected independent and institutional money manager with over 26 years of experience and more than $11 billion in active Canadian fixed-income mandates.
Greystone CEO and CIO Robert L. Vanderhooft says of the new fund: "Since 1988, we have been entrusted to manage Canadian bond portfolios for some of the largest institutions in Canada and are now thrilled to work with advisors and their clients through our partnership with Bridgehouse. We believe our approach to fixed income that leverages our interest rate anticipation capabilities will continue to add value and manage risk for clients going forward."
New Lazard Global Balanced Income Fund:
In February 2013, Bridgehouse offered the institutional expertise of Lazard Asset Management (Canada) Inc.and its affiliate Lazard Asset Management LLC (Lazard) to Canadian investors with the Lazard Global Equity Income Fund and the Lazard Emerging Markets Multi Asset Fund. Lazard's strong reputation and proven capabilities in global equities, global bonds, risk management and income-generation makes the Lazard Global Balanced Income Fund, a fund managed by Bridgehouse with Lazard providing portfolio management services, a natural extension to the Bridgehouse lineup.
"The Lazard Global Balanced Income Fund seeks to provide a diversified global solution for low to medium risk Canadian investors seeking income and growth," says Jai Jacob, Managing Director, Portfolio Manager/Analyst at Lazard. "We actively allocate across global debt securities and global equities in developed and emerging market countries with an objective of generating growth over the long-term and income while attempting to mitigate losses in declining markets."
Changes to Fixed-Income Strategy of Three Bridgehouse Balanced Funds:
Effective November 6, 2014, changes are being made to the fixed-income investment strategy of three Bridgehouse funds. Each of the Sionna Canadian Balanced Fund, Sionna Monthly Income Fund and the Brandes Global Balanced Fund will be investing in the Greystone Canadian Bond Fund for their fixed income component. These changes further leverage Greystone's active fixed income expertise across the Bridgehouse Funds. Previously, State Street Global Advisors, Ltd. acted as the portfolio sub-advisor in respect of the fixed income component of these three funds.
"Greystone is a valued and trusted investment manager and a firm that we've always admired and respected," says Sionna Investment Managers Inc. President and CIO Kim Shannon. "We are delighted that Greystone has joined the Bridgehouse platform and will be an important component of the Sionna Canadian Balanced Fund and Sionna Monthly Income Fund for which we act as portfolio sub-advisor."
Changes to Money Market Fund:
Effective November 7, 2014, Greystone is appointed as the sole portfolio sub-advisor in respect of the Brandes Canadian Money Market Fund replacing State Street Global Advisors, Ltd. There is no change to the investment objective or strategy of the Fund.
Carol Lynde, President and COO of Bridgehouse adds: "The Bridgehouse model means we partner with established independent investment managers with demonstrated success in the institutional marketplace. This approach has led to significant growth in all of our fund families—first with Brandes in 2002, Sionna in 2006 and Lazard in 2013. We are also eager to see the anticipated growth with Greystone starting in 2014."
About Bridgehouse Asset Managers:
Bridgehouse Asset Managers (Bridgehouse), a trade name of Brandes Investment Partners & Co. (Brandes), 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 is defined by its:
- Independence in ownership and thinking, which enables it to truly align with clients' goals, and do the right thing for client portfolios and businesses today and tomorrow.
- Dedication to advancing investor knowledge, demonstrated through its commitment to developing investor knowledge initiatives that help Canadians make informed decisions.
- Commitment to its community, dedicating time and financial support to charities that positively impact the lives of Canadians and make a real difference in their communities.
For more about Bridgehouse, Brandes, Greystone, Lazard or Sionna, visit: bridgehousecanada.com.
This news release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein.
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. Money market mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
SOURCE: Bridgehouse Asset Managers
For further information: Media Contact: Margo Rapport, H2 Central Marketing & Communications, 416-895-5672, [email protected]