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.