Funds
Calvert Asset Management
Calvert Launches New Growth Fund
Calvert Launches New Growth Fund |
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| Written by Subhasis Chatterjee | |
| Friday, 01 June 2007 | |
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The Calvert, one of the frontrunners in the international sphere of socially responsible investing and research has launched today the Calvert International Opportunities. It has been stated in this regard, that the Fund has a core intention of long term capital appreciation through investment primarily in a broad universe of non-U.S. small-cap and mid-cap stocks which are available both in the developed countries and emerging markets accomplishing financial and environmental, social and governance (ESG) criteria of the Fund. On the other hand, this latest offering in a way expands Calvert’s existing equity product line and international offerings from corner to corner of the multiple capitalization ranges. Calvert, according to the current national estimate, is one of the largest socially responsible mutual fund firms of the United States of America with approximate assets worth $15 billion under management. In addition, the Company offers forty-two funds that consent to individual and institutional investors to pursue a broad range of investment objectives within a single fund family. With this end in view the Company launched the Calvert Social Index®, a yardstick for measuring the performance of large, U.S.-based socially responsible companies. Moreover, along with its equity funds, the Calvert possesses a wide-ranging schedule of tax-free and taxable fixed income investments. While speaking to this correspondent Mr. Steve Falci, the Chief Investment Officer of Calvert’s Equities said: “There are exciting opportunities in small- and mid-cap growth stocks around the world and we are responding to the demand from investors, advisors, and institutions who want to tap into them. This new Fund is a natural fit with our existing large-cap international stock fund, the Calvert World Values International Equity Fund. With the new fund, Calvert retail and institutional investors can now more fully diversify their international stock allocations across market capitalization ranges.” Mr. Sophie Horsfall, the Director and Portfolio Manager in the F&C Global Equities Team and Lead Portfolio Manager to the Fund, also said, “We are delighted to have been appointed as sub-advisor for the Calvert International Opportunities Fund. F&C, as a leader in sustainable investing in Europe, has values and a commitment to excellence that are very complementary to those of Calvert. We have been identifying outstanding socially responsible investment opportunities among non-U.S. smaller- and medium-sized companies for over two decades—and look forward to applying this knowledge and experience in identifying the best investments for this Fund.”
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