Brandes unveils global fund

Toronto-based Brandes Investment Partners & Co. has launched Brandes Global Opportunities Fund to provide investors with access to undervalued businesses from around the world, regardless of market capitalization or location, in both fast-growing emerging markets and well-developed, mature markets. Brandes Investment Partners LP will manage the fund. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales or 2% for the low-load option. Redemption fees begin at 5.5% in Year 1 and end at zero in Year 7 for the regular DSC schedule, or begin at 3% in Year 1 and end at zero in Year 3 of the low-load option. Trailing commissions are 1% for front-end sales; 0.5% for the first seven years of deferred sales, and 1% thereafter; and 0.5% for the first three years of low-load sales, and 1% thereafter. Management fees are 2.2% for A-class units and 1.2% for F-class units. Minimum initial investment is $1,000; minimum subsequent investment is $500.

Compiled by Clare O’Hara (cohara@investmentexecutive.com).