Products May 31, 2007

Calvert Enters International Small- and Mid-Cap Growth Fund Market

May 31, 2007 (PLANSPONSOR.com) - Socially responsible mutual fund firm Calvert has launched a new fund that seeks long term capital appreciation by investing primarily in non-U.S. small-cap and mid-cap stocks both in the developed countries and emerging markets.
Reported by

According to a press release from Calvert, the investment strategy for the Calvert International Opportunities Fund begins with a top-down macro economic and strategic overview of the global economy and its regional impact, including emerging markets, to establish a desired asset allocation and determine target sector weightings.

The sub- adviser – London-based F&C Management – primarily uses bottom-up research analyzing the outlook for any particular stock being considered to uncover information or derive conclusions that are not known to the wider marketplace.

According to the press release, the fund primarily invests in the common stocks of non-U.S. small- and mid-cap companies, whose market capitalization is within the range of the Citigroup/S&P World EX-U.S. EMI Index, which was $500 million to $20 to $30 billion as of December 31, 2006.

The fund has an investment ceiling of 20% in emerging markets.

“There are exciting opportunities in small- and mid-cap growth stocks around the world and we are responding to the demand from investors, advisors, and institutions who want to tap into them,” said Steve Falci, Calvert’s Chief Investment Officer, Equities, in the press release. “With the new fund, Calvert retail and institutional investors can now more fully diversify their international stock allocations across market capitalization ranges.”

For more information visit  http://www.calvert.com .

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