From the January 2008 issue of Research Magazine • Subscribe!

Schwab Expands Laudus Funds

Charles Schwab has announced the expansion of its Laudus Funds lineup and a new sub-advisory relationship with Mondrian Investment Partners Limited of London. The new offerings include the Laudus Mondrian Emerging Markets Fund (LEMIX/LEMSX) and the Laudus Mondrian International Fixed Income Fund (LIFIX/LIFSX).

"We are excited to add a manager of Mondrian's caliber to our fund lineup and are particularly pleased to provide investors with direct access to a premier international specialist," says Randy Merk, executive vice president of investment management services for Charles Schwab.

Mondrian follows a value-oriented, defensive investment philosophy and specializes in managing international investments for major U.S. institutional investors, according to Schwab. It has more than $60 billion in assets under management.

The new emerging markets fund will invest primarily in 30 to 40 large-cap equities in emerging market countries, diversified across both countries and sectors. The new international fixed income fund will invest mainly in high-quality non-U.S. debt securities of governments and government agencies in developed countries and may hold a limited amount of high-quality international corporate debt.

"One of the advantages of our relationship with Schwab is that investment advisors and individuals will now have access to an investment management team and sophisticated techniques and analysis previously available only to large institutions," shares Lee Giannone, senior vice president of Mondrian.

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Janet Levaux is the managing editor of Research; reach her at jlevaux@researchmag.com.

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