Asset manager sees "undervalued investment opportunities around the world". Value asset manager Brandes Investment Partners has launched an Institutional Global Equity mutual fund, which aims to "reduce risk and increase rewards" through exposure to U.S. and non-U.S. equities.

"For over 30 years, we have had a Global Equity strategy in the form of separate accounts," says Ed Blogett, head of Brandes' private-client group. "We are now happy to report that our Global Equity strategy is available via a new investment vehicle as a mutual fund."

Undervalued

The investment minimum for this fund is $2,500.

Brandes has also re-opened its Institutional International Equity mutual fund for the first time in more than a decade, which seeks to offer capital appreciation along with diversification when combined with U.S.-based portfolios.

"In the wake of significant equity market declines over the past year, we believe the number of extremely undervalued investment opportunities around the world is higher than it's ever been in our firm's nearly 35-year history," says Blodgett. "It's an exciting time to be a long-term investor, and we see this as an exceptional opportunity for existing and new clients to pursue competitive future returns."

San Diego-based Brandes managed $69.7 billion at the end of September 2008; $52.5 billion for institutional and high-net-worth clients and $17.2 billion as a sub-advisor to brokerage-based separately managed account programs. -FWR

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