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Thursday, April 27, 2000 Two International Funds Take 'Bottom-Up' Approach Kemper Funds has begun the transition to a research-driven investment strategy for two of its international funds. First, the Growth Fund of Spain, an open-end fund investing primarily in Spanish equity securities, has become Kemper International Research Fund.
Portfolio management looks for investment opportunities in Europe, Japan, the Pacific Rim, Latin America and other emerging markets (Eastern Europe, the Middle East, and Africa). The fund's benchmark is the Morgan Stanley Capital International EAFE + Emerging Markets Free Index, which includes 45 countries. Kemper Emerging Markets Growth Fund also has adopted a strategy similar to that of Kemper International Research Fund. Previously, the fund was managed with a strategy combining bottom-up research, a growth orientation, and top-down analysis. The portfolio will be maintained as regionally neutral to its benchmark, the IFC Emerging Markets Investable Index. Printed from: MFWire.com/story.asp?s=25469 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |