News Summary

  • New Fund follows successful launch of the GBP-denominated UCITS Fund on 1st February and will take total strategy assets to over U.S.$100 million, reflecting strong demand from investors
  • New Fund launches with seed assets of U.S.$23 million
  • Suitable for investors seeking U.S. dollar exposure to the innovative investment

LONDON, 5th April 2022 - Brown Advisory, an independent and privately held global investment management firm that oversees U.S.$140 billion in client assets, today announces the launch of a U.S. dollar-denominated UCITS Fund (the “Fund”) for its Global Sustainable Total Return Bond strategy.

This new Fund launch reflects strong demand from U.S. dollar liability-driven investors for access to the strategy in U.S. dollars following the successful launch of the GBP-denominated Dublin UCITS Fund on 1st February 2022, taking total strategy assets to over U.S.$100 million.

In order to best serve client needs, rather than simply offer a USD share class of the GBP Fund, Brown Advisory has taken the decision to launch a completely separate fund, specifically for investors with capital in U.S. dollars to help them avoid extra hedging costs.

The investment strategy aims to deliver total returns over an economic cycle, act as a complement and counterbalance to equity risk in an investment portfolio, and provide an attractive stream of income and risk-adjusted returns while simultaneously generating a positive impact on global sustainability issues.

It invests in a broad range of liquid fixed income instruments, including conventional and inflation-linked government bonds, and securitised and corporate bonds, in both developed and emerging markets, as well as using active currency exposure to deliver returns. As such it provides differentiated exposure for investors beyond only labelled (‘green’ or ‘social’) bonds, and harnesses Brown Advisory’s framework for analysing sovereign bonds against ESG criteria.

The strategy is managed by Ryan Myerberg in London, and Chris Diaz and Colby Stilson in the U.S., who reunited at Brown Advisory last year after having previously worked together to successfully build Janus Capital’s global fixed income business. They are fully integrated into the firm’s existing fixed income team, supported by dedicated ESG analysts working alongside Brown Advisory’s fundamental credit analysts.

Ryan Myerberg, Portfolio Manager, Brown Advisory Global Sustainable Total Return Bond Fund, said: , “Against a backdrop of rising inflation and central bank tightening, this is a challenging environment for fixed income investors seeking to manage their portfolio volatility. The differentiation we see in monetary policy between a number of developed market and emerging market central banks allows us to dynamically allocate our risk globally, whether interest rate, credit, securitised, or currency. We believe that the landscape is evolving into a bond picker’s market, and security selection will be increasingly additive to our future returns.”

Brown Advisory considers that this Fund actively promotes, amongst other characteristics, social and/or environmental characteristics and therefore is governed by Article 8 of the Sustainable Finance Disclosure Regulation (SFDR).

 

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About Brown Advisory

Brown Advisory is an independent investment management firm committed to providing its clients with a combination of first-class investment performance, strategic advice and the highest level of service. Brown Advisory has been a private, independent and colleague-owned firm since 1998. Today, the firm has more than 819 colleagues – each with an equity interest – serving private clients and institutions in 39 countries from 15 offices globally and is responsible for more than US $139 billion in assets for private and institutional clients as of January 31, 2022. For more information, please visit: https://www.brownadvisory.com

 

 


 

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities and ADRs entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. The fund is new and has limited operating history.

Before Investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800- 540-6807. Click here for index and financial term definitions.

Investing involves risk, including loss of principal.

The Fund’s combined focus on ESG assessments and forecasts of return and risk could cause it to make or avoid investments that could result in the Fund underperforming similar funds that do not consider ESG factors. The Fund may invest in companies that do not reflect the beliefs and values of any particular investor and may invest in companies that would otherwise be screened out of other ESG-oriented funds. Brown Advisory relies on third parties to provide ESG data and screening tools. There is no assurance that this information will be accurate or complete, and investments selected using these tools may perform differently than as forecasted. The Fund may invest in small and medium capitalization companies that may not have the size, resources and other assets of large capitalization companies. The Fund invests in foreign securities, including ADRs, which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Diversification does not assure a profit, nor does it protect against a loss in a declining market.

The Brown Advisory funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.