HighMark Funds Launches New Asset Allocation Portfolios.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- New Funds Feature Unique Investment Solution Combining Active Management and Proprietary "Dual Alpha" Approach: Enables Financial Advisors to More Effectively Grow and Manage Their Businesses HighMark Funds, a leading mutual fund family that partners with financial advisors to build personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. business development solutions, has launched three new asset allocation funds asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities : the Income Plus Allocation Fund, the Growth and Income Allocation Fund, and the Capital Growth Allocation Fund. Advised by HighMark Capital Management, Inc., the new funds combine an active management approach in a "Dual Alpha" methodology that seeks to maximize results by taking advantage of two sources of excess return. In addition, the funds provide access to leading investment management and a simplified administration process to better manage client assets. HighMark Funds conducted extensive research with financial advisors in developing these new 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. portfolios, with the primary objective of creating a total wealth management solution to meet their clients' needs. Built upon a robust and rigorous financial model, these new funds also offer simplified reporting, and potentially make life easier for financial advisors. "These new funds underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. HighMark's strong commitment to this market segment," said Greg Knopf, Managing Director of Mutual Funds for HighMark Capital Management. "Financial advisors requested smarter tools to enable them to more effectively manage client assets and HighMark has responded with a strong program designed for this important market segment. "By combining HighMark's extensive investment management expertise with some of the industry's top sub-advisors, we've created these unique `best of breed' products, providing innovative options which seek to reduce risk while obtaining an attractive potential return for clients." The management of these new funds is overseen by a team with an average of 29 years' investment experience and is headed by HighMark Chief Investment Officer - Equity David Goerz. "Our ultimate goal is to build wealth for our investors over time using the unique institutional investment processes we've developed over the years for our multi-asset separate account business," said Goerz. "These portfolios utilize a disciplined investment process that, we believe, adds value for our clients and results in a more intelligent, flexible way to manage money." HighMark Funds will promote the launch of these three new funds through a nationwide series of road shows, including a Due Diligence meeting Due Diligence Meeting The process of careful investigation by an underwriter to ensure that all material information pertinent to a security issue has been disclosed to prospective investors. on Friday, October 29, in San Francisco. For further information on these events, as well as HighMark's new asset allocation portfolios, please call HighMark directly at 800-455-5609. About HighMark Capital Management, Inc. San Francisco-based HighMark Capital Management, Inc., which serves as 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 for the HighMark Funds, has more than $17 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. for individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. worldwide. HighMark Capital Management, Inc. employs a highly disciplined investment process in the management of equity and fixed income funds. Their focused process seeks to add value over time, while controlling risk. HighMark Capital Management, Inc., is a wholly-owned subsidiary of Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , N.A. About HighMark Funds HighMark Funds is an open-end, $7 billion family of 17 mutual funds, available through multiple channels. HighMark Capital Management, Inc., which serves as investment advisor for the HighMark Funds, has over $17 billion in assets under management for individual and institutional investors worldwide. HighMark Capital Management, Inc., is a wholly-owned subsidiary of Union Bank of California, N.A. Union Bank of California, N.A., a subsidiary of UnionBanCal Corporation UnionBanCal Corporation (NYSE: UB) is a bank holding company in San Francisco, California. It is a member of the Mitsubishi UFJ Financial Group. Sections
Mutual fund investing involves risk, including loss of principal. Carefully consider the Fund's objectives, risk factors, and charges and expenses. This and other information can be found in the prospectus, which can be obtained by calling 1-800-433-6884. Please read it carefully before you invest. The following appears in accordance with the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government relations, and economic conditions and competition in the geographic and business areas in which the Corporation conducts its operations. A complete description of UnionBanCal Corporation, including related risk factors can be obtained by calling 415-765-2969 or online at http://www.sec.gov. In addition to the normal risks associated with equity investing, smaller companies and narrowly focused investments typically exhibit higher volatility. Products of the companies in the technology (or biotech) sector are subject to severe competition and rapid obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. . |
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