Monday, March 31, 2008
William Blair Looks to Emerging Markets for its New Fund
News summary by MFWire's editors
has added an international fund to its lineup. The William Blair Emerging Leaders Growth Fund
will be managed by Jeff Urbina
. Chicago-based William Blair had $58 billion in AUM at the end of 2007.
Company Press Release
CHICAGO, March 26, 2008 – William Blair & Company, L.L.C., distributor to the William Blair Funds, today announced the launch of the William Blair Emerging Leaders Growth Fund. The fund, to be managed by Jeff Urbina, seeks long-term capital appreciation by investing at least 80% of its assets in a diversified portfolio of equity securities issued by growth companies in emerging economies worldwide.
"We are very pleased to offer the William Blair Emerging Leaders Growth Fund to investors," said Michelle Seitz, CFA, head of Investment Management and a member of the firm's Executive Committee. "One of the hallmarks of the William Blair International Growth strategy has been our investment in emerging markets companies across the capitalization spectrum. The William Blair Emerging Leaders Growth Fund will enable our clients to enjoy the benefits of a broad array of emerging markets ideas from our International Team’s combined investment experience of more than 70 years in international and emerging markets.”
“The new fund will allow our International Team to invest in a broad array of compelling ideas within emerging markets, regardless of domicile. While the focus of this fund is exclusively emerging markets, it incorporates William Blair & Company’s rigorous bottom-up research, top-down analytical perspective, and adherence to well-defined investment parameters and disciplines to ensure quality selection and management of emerging markets securities,” Ms. Seitz said.
The William Blair Emerging Leaders Growth Fund will be managed by Jeffrey Urbina, one of the co-managers of the Emerging Markets Growth Fund and the manager of the International Small Cap Growth Fund. Urbina, CFA and principal of William Blair & Company, joined the firm in 1996 as part of the International Growth Team. He oversees small cap and emerging markets strategy and research and is the lead portfolio manager for the William Blair international small cap growth and emerging markets portfolios.
International investing involves special risk considerations, including currency fluctuations, lower liquidity, economic and political risk. Investing in emerging markets can increase these risks.
Please carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. This and other information is contained in the Fund’s prospectus, which you may obtain by calling 1-800-742-7272. Read it carefully before you invest or send money. ©William Blair & Company, L.L.C., distributor. 2/08.
About William Blair & Company
William Blair & Company, L.L.C. is a Chicago-based investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, we have been committed to helping clients achieve their financial objectives. As an independent, employee-owned firm, our philosophy is to serve our clients' interests first and foremost. We place a high value on the enduring nature of our client relationships, the quality of our products and services, and the continuity and integrity of our people. William Blair & Company’s offices include Chicago, Boston, London, New York, San Francisco, Shanghai, Tokyo, and Zurich. For more information, please visit www.williamblair.com.
About William Blair Investment Management
William Blair Investment Management is the money management operation of William Blair & Company, L.L.C., consisting of the institutional, mutual fund, high net worth, and private wealth management businesses. With $58 billion in assets (as of December 31, 2007), William Blair Investment Management provides customized and structured portfolios for cash, domestic fixed income, and domestic, international, and global equities. The group also acts as the investment advisor to a family of 18 open-end mutual funds. More information about the William Blair Funds is available at www.williamblairfunds.com.
THIS IS NOT IN ANY SENSE A SOLICITATION OR OFFER OF THE PURCHASE OR SALE OF SECURITIES. THE FACTUAL STATEMENTS HEREIN HAVE BEEN TAKEN FROM SOURCES WE BELIEVE TO BE RELIABLE, BUT SUCH STATEMENTS ARE MADE WITHOUT ANY REPRESENTATION AS TO ACCURACY OR COMPLETENESS OR OTHERWISE. OPINIONS EXPRESSED ARE OUR OWN UNLESS OTHERWISE STATED. FROM TIME TO TIME, WILLIAM BLAIR & COMPANY, L.L.C. OR ITS AFFILIATES MAY BUY AND SELL THE SECURITIES REFERRED TO HEREIN, MAY MAKE A MARKET THEREIN AND MAY HAVE A LONG OR SHORT POSITION THEREIN. PRICES SHOWN ARE APPROXIMATE. THIS MATERIAL HAS BEEN APPROVED FOR DISTRIBUTION IN THE UNITED KINGDOM BY WILLIAM BLAIR INTERNATIONAL, LIMITED, REGULATED BY THE FINANCIAL SERVICES AUTHORITY (FSA), AND IS DIRECTED AT, AND IS ONLY MADE AVAILABLE TO, AUTHORIZED PERSONS AND OTHER PERSONS FALLING WITHIN COB 3.2.5(1) (b) OF THE FSA HANDBOOK, AND MAY NOT BE PASSED ON TO PRIVATE CUSTOMERS IN THE UNITED KINGDOM. ANY UNAUTHORIZED USE IS PROHIBITED. “WILLIAM BLAIR & COMPANY” AND “WILLIAM BLAIR & COMPANY (SCRIPT)” ARE REGISTERED TRADEMARKS OF WILLIAM BLAIR & COMPANY, L.L.C. Copyright 2008, William Blair & Company, L.L.C.
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