Wednesday, September 07, 2011
UBS Has an Exclusive on a Neuberger Berman Fund
Reported by Armie Margaret Lee
is the exclusive wirehouse distributor of the recently launched Neuberger Berman Global Thematic Opportunities Fund
. The exclusive agreement runs through October 31.
The fund is also available through non-wirehouse b-ds.
Global Thematic Opportunities
is one of two mutual funds that Neuberger Berman launched in August. The other one is Neuberger Berman
Global Equity Fund
. The launch follows the June rollout of the
Global Allocation Fund
, managing director of intermediary distribution, said the two other recently launched funds are also available through UBS, but not on an exclusive basis.
The Global Thematic Opportunities Fund, Ainsworth noted, is managed by Neuberger Berman's MLG Group, the same investment team that runs Neuberger's fastest growing fund, Equity Income.
As for Neuberger's ties with UBS, the relationship between the two firms dates back around 15 years, according to Ainsworth, with much of the history centering around separately managed accounts. (On the mutual fund side, Neuberger launched retail share classes four years ago).
This is not the first time that Neuberger Berman has entered into an exclusive arrangement with a wirehouse for its investment management capabilities.
Company Press Release
NEUBERGER BERMAN INTRODUCES GLOBAL EQUITY, GLOBAL
THEMATIC OPPORTUNITIES FUNDS
NEW YORK, September 7, 2011 – Neuberger Berman Group LLC, one of the world’s leading
employee-owned money managers, announced today the launch of two funds, Neuberger Berman
Global Equity Fund (tickers: NGQAX, NGQCX, NGQIX) and Neuberger Berman Global
Thematic Opportunities Fund (tickers: NGHAX, NGHCX, NGHIX). The two new portfolios join
Neuberger Berman Global Allocation Fund (tickers: NGLAX, NGLCX, NGLIX), introduced in
June, in providing U.S. investors with broad strategies covering the world's developed and
developing capital markets.
"The global investment landscape provides U.S. investors with a wide range of attractive
opportunities, and we're pleased to offer our clients these two new global funds, managed by
exceptional investment teams," said Joseph Amato, Neuberger Berman's president. "Along with the
Global Allocation portfolio available for the first time to investors in a mutual fund format, the
Neuberger Berman Global Equity and Global Thematic Opportunities Funds are designed to offer
shareholders a broad range of investment strategies spanning the world’s capital markets."
Neuberger Berman Global Equity Fund invests primarily in mid- and large-capitalization companies
in both developed and emerging markets. The team focuses on companies that are able to sustain
high levels of profitability and organic revenue growth, but that trade at a discount to intrinsic value. They look for companies with a sustainable competitive advantage, a shareholder-oriented
management team, and a healthy balance sheet underpinned by strong cash flow. The team seeks to
control volatility by assessing political, economic and business risk facing each company being
considered for the portfolio.
Neuberger Berman Global Equity Fund is managed by Benjamin Segal and Saurin Shah. Segal also
serves as manager of the Neuberger Berman International and International Large Cap Funds
(tickers: NIRAX, NIRCX, NBISX, NBITX and NBNAX, NBNCX, NILIX, NBNRX, NILTX,
respectively), both of which are rated 4 stars by Morningstar Inc. As of July 31, 2011, the team
managed a total of $7.6 billion in global assets for Neuberger Berman’s institutional and individual
Neuberger Berman Global Thematic Opportunities Fund invests primarily in equity securities of
companies in both developed and emerging markets. Through an unconstrained approach, the
portfolio managers seek to identify significant and under-appreciated trends across the globe, and
utilize proprietary research to move within themes to identify undervalued companies they believe
will benefit from such trends. The strategy has been available to institutional and high net worth
investors since 2003.
Portfolio managers of the Fund are Tony Gleason, Alexandra (Sandy) Pomeroy, Richard Levine, and
William Hunter. They are members of Neuberger Berman’s MLG Group, which as of July 31, 2011,
managed $6.4 billion in assets for institutions and individuals in global and U.S. strategies, including
the Morningstar 5-star rated Neuberger Berman Equity Income Fund (tickers: NBHAX, NBHCX,
About Neuberger Berman
Established in 1939, Neuberger Berman is one of the world’s leading independent and employee-
controlled asset management companies, managing approximately $198 billion in assets for
institutional and individual investors as of June 30, 2011, including approximately $96 billion in
equity, $85 billion in fixed income, and $18 billion in alternatives. Neuberger Berman provides a
broad range of global investment solutions to institutions and individuals through customized
separately managed accounts, mutual funds and alternative investment products. For more
information, please visit our
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