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MARINVEST INTRODUCES THE NORTH AMERICA FUND TO PARTICIPATE IN THE NORTH AMERICAN TRADING ENVIRONMENT

 MARINVEST INTRODUCES THE NORTH AMERICA FUND
 TO PARTICIPATE IN THE NORTH AMERICAN TRADING ENVIRONMENT
 NEW YORK, April 21 /PRNewswire/ -- Marinvest Inc. today announced the introduction of the North America Fund, the first mutual fund designed to invest exclusively in issuers of the North American trading bloc.
 Keith R. Whitson, chairman of Marinvest Inc., noted that "the North America Fund recognizes that the world is forming major trading blocs. The 1992 integration of the European economies via the EEC, discussions between Far Eastern countries of the ASEAN group, and continuing negotiations on the North American Free Trade Agreement (NAFTA) show that regional interests are rising. The North America Fund capitalizes on this evolving global trading bloc concept."
 The North America Fund invests in securities of issuers from the United States, Canada and Mexico. Under normal market conditions, not less than 25 percent nor more than 50 percent of the fund's total assets will be invested in any one country. The fund's objective is long-term capital appreciation.
 Marinvest Inc. is the fund's investment manager. Mariner Fund Services is the fund's distributor. Additionally, the sub-advisers for the fund are James Capel Incorporated (U.S.), Burns Fry Hoare Govett Inc. (Canada) and Afin International Management, S.A. de C.V.(Mexico).
 John C. Quinn, Marinvest's chief executive officer and chief investment officer, considers the fund extremely timely. "Mexico's long-term prospects are excellent and recognized in the tremendous surge in that market in recent years. Canada, where 75 percent of exports are to the U.S., should be a beneficiary of our recovery. For the U.S. portion, we'll be looking at companies which will profit from increased trade and investment, regardless of the timing of the Free Trade Agreement."
 Timothy R.H. Love is the portfolio manager of the North America Fund. Love, senior portfolio manager and vice president at Marinvest, has extensive experience in managing North American securities. Love commented, "There are enormous cross-investments and increased trade already in North America. If the Free Trade Agreement is obtained, as we think it will, that's a major plus to an increasingly attractive story." The secondary portfolio managers are Leo P. Grohowski, managing director - equity, and John C. Quinn.
 Marinvest Inc. is the North American investment affiliate of the HSBC Asset Management Group. Both organizations are indirectly held, wholly owned subsidiaries of HSBC Holdings plc, which is one of the most strongly capitalized financial services organizations in the world. With the two other HSBC Asset Management affiliates, James Capel Fund Managers Ltd. (Europe) and Wardley Investment Services Ltd. (Asia), Marinvest offers a unique global perspective to investment in North America and internationally.
 For more information and a prospectus on the North America Fund which includes charges and expenses, call Mariner Fund Group at 800-634-2536. Read the prospectus carefully before investing or sending money.
 -0- 4/21/92
 /CONTACT: Juliene J. Conway of Mariner Fund Group, 212-503-6652 or -6815/ CO: Marinvest, Inc. ST: New York IN: FIN SU: PDT


GK-OS -- NY077 -- 0700 04/21/92 13:15 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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