Brandes Investment Partners & Co. reports that assets in the Brandes Funds reached $1,029,000,000 at the end of October. This represents an increase in net assets of 18% from the prior month.

Net sales for the month were $125 million, up 74% from September month-end.

“We are delighted with the reaction of Canadian advisors and their investors to our full line of value-based products. We appreciate their trust and look forward to delivering results for them long into the future,” said Oliver Murray, president and CEO of Brandes Investment Partners & Co. said.

In addition, assets for the firm surpassed the $2 billion mark, thanks in part to a new relationship with MD Funds Management Inc. Brandes was chosen as one of three new managers in a new multi-manager structure for the flagship MD Growth Investments Ltd.

“The interest and support in the Brandes Funds since their launch indicates to me that Canadians understand and believe in the benefits of long-term, value investing. We have made a long- term commitment to Canada and are pleased with the short-term response to our absolute value investment philosophy,” said Charles Brandes, chairman of Brandes Investment Partners & Co. and Brandes Investment Partners LLC.