Citizens Bank Introduces the Golden Oak International Equity Portfolio; New Fund is Added to Citizens Bank's Golden Oak Family of Mutual Funds.Business Editors FLINT, Mich.--(BUSINESS WIRE)--July 11, 2000--(Nasdaq:CBCF CBCF Canadian Breast Cancer Foundation CBCF Congressional Black Caucus Foundation CBCF Community Based Corrections Facilities CBCF Commander, Base Communications Facility ) Citizens Bank today announced the addition of the Golden Oak(R) International Equity Portfolio to the Golden Oak Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". , proprietary mutual funds managed by Citizens Bank. Golden Oak now provides eight investment options for prospective clients. The Golden Oak International Equity Portfolio fund invests in common stocks of companies headquartered outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The portfolio will generally invest in established markets, such as Europe, Japan, and the Pacific Basin, but may also invest in emerging markets. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jill Perry, Vice President and Golden Oak Product Manager, the Golden Oak International Equity Portfolio fund is a significant addition to the Golden Oak Family of Funds. "The International Fund offers a great way to diversify. Rather than putting all assets in one type of investment, diversification spreads your money into various asset types and sectors." The minimum initial investment in the fund is $1,000; the minimum IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. initial investment is $500; and the minimum subsequent investment is $50. The International Equity Fund may be suited for: -- Long-term investors seeking growth. -- Investors who wish to add diversity to a portfolio that is composed primarily of U.S. companies. -- Investors saving for retirement where the money will not be used for some time. -- Investors who seek to maximize long-term returns and are able to accept the year-to-year fluctuation of an international investment. The Golden Oak International Equity Portfolio is managed in such a way that it complements domestic portfolios. Unlike many international funds that also invest in U.S. companies, the new Golden Oak International Equity Portfolio fund invests strictly in non-U.S. markets. This minimizes the duplication of ownership between the fund and other equity portfolios. Ms. Perry says, "Consistent with Citizens Bank's Clients First!(SM) philosophy to help clients achieve their financial needs, we have worked hard to ensure that Golden Oak clients have access to a full complement of mutual fund products. We believe our clients are best-served by investing for the long-term following the principles of an asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. strategy. Adding the Golden Oak International Equity Portfolio is consistent with our objectives in serving our clients." Citizens Bank, the Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , is a subsidiary of Citizens Banking Corporation, a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company, providing a wide range of commercial, consumer, mortgage banking, trust, investment and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against services to a broad client base. With a long standing tradition of community banking, Citizens serves markets throughout Michigan, suburban Chicago, Illinois, and through F&M Bank offices in Wisconsin, Minnesota, and Iowa with over 220 banking offices and over 240 ATMs. Citizens has assets of nearly $8 billion. Total trust assets are $3.8 billion. More news and information about Citizens Bank is available at www.cbClientsFirst.com. The Golden Oak Family of Funds are distributed by SEI Investments Distribution Co. Inc., Oaks, PA, 19456. SEI Investments Distribution Co. Inc. is not affiliated with Citizens Bank or any of its affiliates. Citizens Bank serves as an investment advisor for the Golden Oak Family of Funds. For more complete information, including information on charges and expenses, call 1-800-545-6331 for a free prospectus. Please read the prospectus carefully before investing. BlackRock International Ltd. was selected by Citizens Bank to be sub-advisor for the fund. BlackRock is one of the largest publicly traded asset managers in the U.S. The firm is based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and manages assets on behalf of more than 3,000 institutions worldwide through equity, fixed income and liquidity products. Black Rock International, Ltd. (BlackRock International) manages all non-U.S. equity mandates for the firm and is based in Edinburgh, Scotland. Mutual fund investing involves risks, including loss of principal. In addition to the normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , or from economic or political instability in other nations. NOT FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). INSURED NO BANK GUARANTEE MAY LOSE VALUE |
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