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Brown Advisory launches new equity income fund


Brown Advisory has launched a new mutual fund, the Brown Advisory Equity Income Fund, with ticker symbol BIADX. This latest Fund is the 11th in the Brown Advisory established family of mutual funds. The new Fund officially launched on 30 December, 2011 and is available through Brown Advisory and other financial advisors.

“In today’s market environment, investors are searching for higher levels of income and less volatility in their investment portfolios,” says Brown Advisory’s Head of Investments, Paul J Chew. “We designed this fund in response to those requests from clients, as part of our ongoing effort to expand our platform of investment strategies to meet all of our clients’ needs.”   

Focused on delivering current income and dividend growth through investments in high-quality companies, the Fund invests at least 80% of the value of its net assets in a diversified portfolio of equity securities. In addition, the Fund may also invest up to 20% of its assets in investment grade and non-investment grade debt securities, or unrated debt securities of comparable quality. While the Fund may purchase securities of companies of various market capitalizations, the focus is on larger companies with market capitalizations equal to or greater than USD1 billion at the time of investment. Potential investment opportunities will be evaluated from a number of perspectives in an effort to select those that offer the most attractive return prospects. 
Brown Advisory portfolio managers Michael L Foss, CFA and Brian Graney, CFA are responsible for managing the fund and lead all buy and sell decisions, supported by a research team of 18 equity analysts. Together, Foss and Graney bring an average of 18 years of portfolio management experience and have extensive knowledge of the equity and fixed income markets.
“The Equity Income Fund is deliberately constructed to meet the changing needs of conservative investors by offering the potential for total return with lower volatility, while also offering an alternative to low fixed income yields to those investors who are in or approaching retirement,” says Foss, Co-Portfolio Manager of the Fund.


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