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Tue, 02/13/2007 - 13:00 | by admin
February 13, 2007
February 13, 2007
DOMINI LAUNCHES TWO INTERNATIONAL FUNDS, OFFERING INVESTMENT OPPORTUNITIES WITH GLOBAL IMPACT
Investors Who Care About Social and Environmental Issues Can Now Make a Difference in Asia and Europe
New York, NY – With two newly launched international funds, Domini Social Investments continues to provide new ways for U.S. investors to make their voices heard around the world.
The Domini PacAsia Social Equity Fund (NASDQ: DPAFX) and Domini EuroPacific Social Equity Fund (NASDQ: DUPFX), togetherwith Domini’s other equity funds, now offer investors access to global investment opportunities. They also empower shareholders to bring about social and environmental change, drawing companies around the world into dialogue on such issues as global warming, sweatshop labor, and product safety.
Domini is the only investment advisor in the U.S. to offer regional mutual funds that include social and environmental as well as financial standards. The company’s new funds will use the same active management strategy that was pioneered by the Domini European Social Equity Fund (NASDQ: DEUFX) and recently adopted by the company’s flagship U.S. fund, the Domini Social Equity Fund(NASDQ: DSEFX). Domini’s equity funds are managed by a team that combines the strengths of Domini Social Investments and Wellington Management Company, LLP.
The Domini European Social Equity Fund, which launched in October 2005, returned 44.3% for the year ended December 31, 2006, versus 34.4% for the MSCI Europe Index. According to Morningstar, this places the fund in the top 10% of mutual funds in the Europe Stock category, and makes it the highest-ranked diversified large-cap European fund for that one-year period.*
“Like our European fund, these new funds can help investors gain exposure to expanding economies around the world,” said Amy Domini, Domini’s founder and CEO. “The Domini PacAsia Social Equity Fund builds out our successful regional fund structure, while the Domini EuroPacific Social Equity Fund offers a single international solution for investors who understand the importance and impact of their investment decisions.”
The two new Domini funds commenced operations on December 27, 2006, and are offered in no-load Investor class shares and in an A-share format (NASDQ: DPAPX and DUPPX).
“International investing represents a great opportunity, and a significant challenge, for people who want their investments to make a difference on a global scale,” said Amy Domini. “Europe is leading the world in corporate social responsibility and sustainable business models, and we and our shareholders are excited about being a part of that. Meanwhile, dramatic economic growth in Asiahas often been accompanied by pollution, deforestation, sweatshop labor, and human rights violations. This is a region where conscious, responsible investing is needed, and can really make a difference.”
“Investors in Domini’s new funds will help influence companies in Asia and the Pacific Rim to take social and environmental concerns into account as they build successful businesses,” Domini continued. “We expect to have a positive impact, as we already do in the U.S. and Europe, both by applying standards to our investment choices and, when we can, by engaging companies in direct dialogue, encouraging the best practices and challenging the worst.”
In managing its equity funds, Domini Social Investments uses rigorous internal research to evaluate current and potential holdings against social and environmental standards, assessing the quality of a corporation’s relations with communities, customers, ecosystems, employees, investors, and suppliers. Wellington Management applies financial standards, seeking to add value through a quantitative stock selection approach and managing risk through portfolio construction. On behalf of its shareholders, Domini also strives to be an active and responsible owner of the companies in its funds’ portfolios, seeking to advance fairer and more sustainable business practices.
Call Domini at 1-800-762-6814 or visit www.domini.com for a copy of our Global Investment Standardsbooklet.
About Domini Social Investments
Domini Social Investments manages $1.6 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental standards into their investment decisions. Two fundamental principles underlie the global investment standards that Domini applies to each of its investment products: the promotion of a society that values human dignity and the enrichment of our natural environment. Domini views these twin goals as crucial to a healthier, wealthier, and more sustainable world.
* Based on total returns for the 12-month period ending 12/31/06 of mutual funds included by Morningstar in the Europe Stock category, the Domini European Social Equity Fund was in the 9th percentile, ranking #8 out of 98 funds. All higher-ranking funds pursue investment strategies focused on small companies, emerging markets, or single countries within Europe. Data for Morningstar percentile rankings provided by Morningstar, Inc.® 2007. All rights reserved. Performance rankings do not consider sales charges, and are subject to change monthly. The foregoing does not indicate a Morningstar Rating (“star rating”) for the Domini European Social Equity Fund, which currently has less than a three-year performance history. Morningstar provides star ratings for funds with at least a three-year history.
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 atwww.domini.com. Please read the prospectus carefully before investing or sending money.
Past performance is no guarantee of future results. The returns quoted above represent past performance after all expenses. Economic and market conditions change, and both will cause investment return, principal value, and yield to fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month-end, call 1-800-762-6814 or visit www.domini.com. A 2.00% redemption fee is charged on sales or exchanges of shares made less than 60 days after the settlement of purchase or acquisition through exchange, with certain exceptions. Performance data quoted above does not reflect the deduction of this fee which would reduce the performance quoted. See the Fund’s prospectus for further information. The Domini Funds are subject to market risks and are not insured.
The performance information quoted above does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Total return is based on the Fund’s net asset values and assumes all dividends and capital gains were reinvested. An investment in the Fund is not a bank deposit and is not insured. You may lose money. Certain fees payable by the Fund were waived during the period, and the Fund’s average annual total returns would have been lower had these not been waived. The Morgan Stanley Capital International Europe Index (MSCI Europe) is an unmanaged index of common stocks. Investors cannot invest directly in the MSCI Europe.
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 taxation, and periods of illiquidity. These risks are magnified in emerging markets.
DSIL Investment Services LLC (DSILD), Distributor. 02/07