|
September 13, 2005
DOMINI LAUNCHES NEW EUROPEAN STOCK FUND
Domini European Social Equity Fund Seeks Long-Term Wealth Creation
New York, NY
– Domini Social Investments, a leading manager of mutual funds for socially re
sponsible investors, has launched the Domini European Social Equity Fund
, a new mutual fund for U.S. social investors devoted entirely to the stocks of
European companies.
The Domini European Social Equity Fund will commence operations on October 3,
2005. Investors may participate in a subscription period that began on
September 1. Investor class shares and A shares are available.
“We believe that there are attractive investment opportunities in Europe — for
mutual fund investors generally, and social investors in particular,” said Amy
Domini, Domini’s founder and CEO.
“European companies are driving the economic integration of the region. Europe
has a trade surplus and relatively high rates of household income and savings.
In addition, European stocks are relatively low-priced.”
“Investing in Europe gives social investors the opportunity to invest in public
transportation, which is an important part of the region’s economy,” according
to Steven D. Lydenberg, Domini’s Chief Investment Officer. “Europe is committe
d to the Kyoto Protocol on global warming, so we’re seeing significant growth
in alternative energy. Almost three-quarters of new windpower capacity
installed in the world last year was in Europe. Three-quarters of the world’s
vaccines also come from European companies.”
The Domini European Social Equity Fund will be managed by a team that combines
the strengths of Domini Social Investments and Wellington Management Company,
LLP. Domini is responsible for the application of social and environmental
standards to the Fund’s portfolio, while Wellington Management is responsible
for the application of financial criteria.
The goal of the Fund is to invest in stocks of European companies that meet a
comprehensive set of social, environmental, and financial standards. The Fund
focuses on the concept of long-term societal wealth creation as a primary theme
driving its assessment of corporations.
The Fund will use a quantitative model based on value and momentum, which
considers factors such as earnings quality and capital efficiency. The Fund
seeks to control tracking error against the European stock market by
considering portfolio characteristics such as sector representation, country,
and market capitalization.
About Domini Social Investments
Domini Social Investments manages more than $1.8 billion in assets for
individual and institutional mutual fund investors seeking to create positive
change in society by integrating social and environmental criteria into their
investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ:
DSEFX), is the first and largest index fund to use social, environmental, and
corporate governance standards. The Fund seeks to include companies with
positive records in community involvement, the environment, diversity, and
employee relations, and excludes companies deriving significant revenues from
alcohol, tobacco, gambling, nuclear power, and weapons contracting.
Each investor should consider the Domini Funds’ investment objectives, risks,
charges, and expenses carefully before investing. Obtain a copy of each Fund’s
current prospectus for more complete information on these and other topics by
calling 1-800-762-6814 or at
www.domini.com
. Please read the prospectus carefully before investing or sending money.
Past performance is no guarantee of future results.
The Domini Funds are subject to market risks and are not insured. Investment
return, principal value, and yield will fluctuate so that an investor’s shares
when redeemed may be worth more or less than their original cost. You may lose
money.
Investing internationally involves special risks, such as currency
fluctuations, social and economic instability, differing securities regulations
and accounting standards, limited public information, possible changes in taxa
tion, and periods of illiquidity. DSIL Investment Services LLC (DSILD),
Distributor. 09/05
|