Counsel Group of Funds Inc. announced today that it will be changing the investment strategy for eight of its mutual funds by switching each of these fund’s designated underlying fund investment in AGF International Stock Class to Brandes International Equity Fund.

In September , Counsel Conservative Portfolio, Counsel Balanced Portfolio, Counsel Balanced RSP Portfolio, Counsel Growth Portfolio, Counsel Growth RSP Portfolio, Counsel All Equity Portfolio, Counsel All Equity RSP Portfolio and Counsel Select Value will begin investing in securities of Brandes International Equity Fund in accordance with specified investment allocations.

The Brandes International Equity Fund is an international equity fund that seeks long-term capital appreciation by investing primarily in the equity securities of non-Canadian and non-U.S. issuers whose equity market capitalizations exceed $1 billion at the time of purchase.

The portfolio advisor for the fund is Brandes Investment Partners, which employs a Graham & Dodd value approach to stock selection. Generally, stocks of companies that are financially strong and have a measurable worth will be bought when, in Brandes’ view, the stock is selling at a price below its estimated worth or its intrinsic value and sold when they become fully valued.