Products September 27, 2010

Mirae Launches Six U.S. Emerging Markets Funds

Mirae Asset Global Investments, an emerging market equity investment manager, has launched its first six mutual funds in the U.S.
Reported by

According to a news release, the Mirae Asset Discovery Funds aim to take advantage of the macroeconomic effects currently redefining the world’s emerging market economies.

The mutual funds, which have Class A, C and I shares, include:

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  • Global Emerging Markets Sector Leader Fund (MALGX, MCLGX, MILGX)
  • Asia Sector Leader Fund  (MALAX, MCLAX, MILAX)
  • China Sector Leader Fund (MALCX, MCLCX, MILCX)
  • Brazil Sector Leader Fund (MALBX, MCLBX, MILBX)
  • Global Emerging Markets Great Consumer Fund (MECGX, MCCGX, MICGX)
  • Asia Great Consumer Fund (MGCEX, MGCCX, MGCIX)

Mirae Asset’s research concludes that ongoing socioeconomic changes in emerging market nations will continue to support domestic business expansion. Mirae Asset seeks to capture the beneficial impact these macroeconomic effects will have on emerging market equities through the firm’s Sector Leader and Great Consumer investment approaches.  

“Because of our global portfolio management capabilities, we are able to offer single-country, regional and global emerging market funds,” said Jay (Hun Jun) Jang, President and CEO of Mirae Asset Global Investments (USA), in the news release. “We look for companies with a sustainable competitive advantage by implementing the research-intensive, bottom-up approach used since Mirae Asset’s inception in 1997.”

Products September 27, 2010

Putnam Unveils Multi-Cap Fund Lineup

Putnam Investments has launched a suite of multi-cap equity funds designed to provide investors with exposure to the U.S. stocks within the value, core/blend and growth style universes.
Reported by

A Putnam news release said each fund manager has the flexibility to invest in the stocks of companies within their style universe, regardless of the company’s market capitalization.

“Putnam seeks to provide advisers a streamlined approach to investing across the broad universe of stocks within each style category. As a firm, we increasingly believe there is much opportunity to be gained for clients through vehicles that place less constraint on where good investments can be found,” said Putnam Investments President and Chief Executive Officer Robert L. Reynolds, in the news release.

The new offerings include:

Putnam Multi-Cap Core Fund (Class A: PMYAX) seeks capital appreciation using a blend strategy, investing in both growth stocks and value stocks of small, midsize and large companies. The fund is managed by Gerard Sullivan, who also manages Putnam Investors Fund.

Putnam Multi-Cap Value Fund (Class A: PMVAX) seeks capital appreciation by investing in value stocks of companies of all sizes. Formerly known as Putnam Mid Cap Value Fund, the fund’s investment strategy was expanded to give the fund the flexibility to invest across all capitalization levels. The fund continues to be managed by James Polk, who has been Portfolio Manager since 2004.

Putnam Multi-Cap Growth Fund (Class A: PNOPX) seeks capital appreciation by investing in growth stocks of small, midsize and large companies. Formerly known as Putnam New Opportunities Fund, the fund has a new name to better reflect its investment strategy. In addition, this month, Putnam Vista Fund (also a growth fund) was merged into Putnam Multi-Cap Growth Fund.

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