(October 30 – 17:35 ET) – GGOF Guardian Group of Funds today launched five new mutual funds. The new funds include two growth funds and three value funds.
The launch of the new funds comes on the heels of GGOF’s recent rebranding of its entire mutual fund line-up. All Guardian funds are now grouped by dominant investment style — value, growth, and blend equity and income styles.
“GGOF’s new funds provide investors with even greater access to some of the best global investment managers from around the world,” said Harold Hillier, president and CEO. “Along with our existing funds, these funds will help meet the foreign investment and asset allocation needs of most Canadian investors, from the risk averse to the risk tolerant.”
The GGOF Alexandria Global Biotechnology Fund is managed by Dresdner RCM Global Investors of San Francisco. The fund invests in companies throughout the world involved in biotechnology and genetechnology research, product development, production and marketing.
The GGOF Alexandria American Growth Fund is also managed by Dresdner RCM. The fund provides diversified exposure to American growth companies.
The GGOF Centurion Global Value Fund invests in securities whose underlying values are not reflected in their share prices, or which are selling at lower valuations than other companies in the same sector or industry. Managed by Lazard Asset Management of New York, the fund provides diversified international equity exposure.
The GGOF Centurion Japanese Value Fund is managed by Matthews International Capital Management of San Francisco. This fund uses a value investment style to provide diversified exposure to Japan.
The GGOF Centurion Global Communications Fund is also managed by Lazard. The fund invests in companies involved in the fast growing communications area, including such industries as telecommunications, cable, media, advertising and commercial services. As a Centurion fund, it employs a value equity style.
GGOF says its new branding strategy provides for easier identification of each fund’s investment style. “Understanding and using different investment styles can help in constructing portfolios that are properly diversified by investment style, sector, and geography, which will aid in enhancing returns and reducing risk,” said John Boeckh, senior vice president, marketing at GGOF. The newly branded families are: GGOF Alexandria Growth Funds, GGOF Centurion Value Funds and GGOF Guardian Funds.
The Alexandria Growth Funds are currently managed by Greystone Managed Investments of Regina and Dresdner RCM Global Investors of San Francisco. The Centurion Value Funds are currently managed by GGOF Investment Management of Toronto, Lazard Asset Management of New York and Matthews International Capital Management, also of San Francisco. The Guardian Funds are currently managed by Guardian Capital Inc. of Toronto and Dresdner RCM.
-IE Staff