CBIS Global Launches Two New Funds
By Cbis Global, PRNETuesday, June 22, 2010
NEW YORK, June 23, 2010 - CBIS Global, a division of Christian Brothers Investment Services, Inc.
(CBIS), is pleased to announce the launch of two new CBIS Global Funds: CBIS
Global Bond Fund and CBIS Global European Equity Fund. In keeping with CBIS
Global's commitment to investing ethically and competitively, the Funds will
adhere to the principles of socially responsible investing while pursuing
their broader investment objectives.
(Logo: photos.prnewswire.com/prnh/20100623/NY24427LOGO) (Logo: www.newscom.com/cgi-bin/prnh/20100623/NY24427LOGO)
"Our mission at CBIS Global is to help Catholic institutions and
like-minded organizations and individuals achieve their financial goals
through a diversified offering of institutional investment strategies, while
maintaining an ethical and socially responsible approach toward the
management of assets," said Br. Louis DeThomasis, President, CBIS Global.
"Using disciplined strategies, we strive to deliver competitive returns in a
manner that is consistent with our clients' missions and values."
The Global Bond Fund's investment objective is to seek to achieve
sustainable income and modest capital appreciation through investment
primarily in investment grade debt securities, which may be sovereign,
supranational, corporate, mortgage or securitized debt securities. The
securities may be denominated in any currency and may have short- or
long-dated maturities. Up to 10% of the Fund's net asset value may be
invested in securities that are not investment grade. The Fund's
sub-investment manager is Schroder Investment Management Ltd., a global asset
management company with US$220.2 billion under management as of Dec. 31,
2009.
The European Equity Fund's investment objective is to seek to achieve
capital appreciation through investment generally in the equity securities of
European issuers with a market capitalization greater than Euro 65 million.
The issuers will be established in a European country or derive a substantial
proportion of their income from activities in a European country. CBIS Global
will utilize the new STOXX Europe Christian Index, developed in collaboration
between CBIS and STOXX to track the performance of companies that do not
violate Christian values, as one of the Fund's benchmarks. The Fund's
sub-investment manager is Degroof Fund Management Company SA, which had
approximately US$11.7 billion under management as of Dec. 31, 2009.
"We are very pleased to offer these new CBIS Global Funds," Br.
DeThomasis said. "Our highest priorities are meeting the unique investment
needs of our clients, and we look forward to continuing to enhance our
investment programs as new opportunities arise."
About CBIS Global
CBIS Global works in partnership with Catholic institutions and other
like-minded individual and institutional investors to help them achieve their
financial goals through the ethical management of their investments. CBIS
Global's Funds are registered and incorporated in Ireland in accordance with
the laws, regulations and requirements of Ireland and the European Union
under the auspices of UCITS. The Funds are legally available throughout the
European Union and the world according to individual country requirements. In
addition to its headquarters in Dublin, CBIS Global also operates a service
centre in Rome, Italy. For more information, visit www.cbisglobal.com.
About Christian Brothers Investment Services
Christian Brothers Investment Services, Inc. (CBIS) is a leader in
Catholic socially responsible investing (SRI) with approximately US$3.8
billion in AUM for more than 1,000 Catholic institutions worldwide, including
dioceses, religious institutes, educational institutions and health care
organizations. CBIS' combination of premier institutional asset managers,
diversified product offerings, and careful risk-control strategies
constitutes a unique investment approach for Catholic institutions and their
fiduciaries. CBIS strives to integrate faith-based values into the investment
process through a disciplined approach to socially responsible investing that
includes principled purchasing (stock screens), active ownership strategies
(proxy voting, dialogues, and shareholder resolutions) and community
investment. Visit CBIS at www.cbisonline.com.
CONTACT: Carol Graumann JCPR +1-973-732-3521 carol@jcprinc.com
Carol Graumann, JCPR, +1-973-732-3521, carol at jcprinc.com
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