Products April 17, 2003

GNI Capital Introduces New Index Fund

April 17, 2003 (PLANSPONSOR.com) - GNI Capital has introduced a new index fund that selects and weighs investments based on after-tax profit in lieu of market capitalization.
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The Profit-Based 100 is a new common fund created by Counsel Trust in York, Pennsylvania and sub-advised by GNI Capital.   The fund is constructed in the same way as the index, with all investments made on a quantitative basis.

Creation of the fund was based on a 12-year analysis of an index composed of the 100 US companies with the largest quarterly profits.   The analysis revealed these selections outperformed the S&P 500 by 67% cumulatively, and by 75% on a Sharpe ratio basis.

More information can be obtained by contacting Richard Evans at (914) 478-5962.

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