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Rating:Marsico Sub-Advises a Brand New Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 02, 2009

Marsico Sub-Advises a Brand New Fund

News summary by MFWire's editors

Harbor Funds just launched another fund. On Monday the Chicago-based firm revealed the Harbor Global Growth Fund, sub-advised by Marsico Capital Management. Marciso's chief investment officer Thomas Marsico and senior analysts James Gendelman and Corydon Gilchrist manage the fund.

Harbor managed $31 billion total on December 31.

Company Press Release

CHICAGO, March 2 /PRNewswire/ -- Harbor Funds today announced the addition of the Harbor Global Growth Fund to its lineup of no-load mutual funds. The new fund commences operations today.

The Harbor Global Growth Fund is managed by Marsico Capital Management, LLC and seeks to provide long-term growth of capital by investing primarily in the common stocks of U.S. and foreign companies. The Fund may invest in companies of any size that are economically tied to any countries or markets throughout the world, including companies economically tied to emerging markets. The Fund's portfolio managers are Corydon J. Gilchrist, portfolio manager and senior analyst at Marsico Capital; Thomas F. Marsico, chief investment officer of Marsico Capital; and James G. Gendelman, portfolio manager and senior analyst at Marsico Capital. Mr. Gendelman also has served since 2004 as portfolio manager of the Harbor International Growth Fund.

The Harbor Global Growth Fund invests in international and emerging markets, which pose special risks, including potentially greater price volatility due to social, political, and economic factors, as well as currency exchange rate fluctuations. These risks are potentially more severe for securities in emerging market regions.

The Harbor Funds lineup of actively managed no-load mutual funds had combined net assets of $31 billion as of December 31, 2008. Each Harbor fund is managed by an institutional investment firm chosen by Harbor Capital Advisors, Inc. because of its experience in a specific asset class.

Investors should consider the investment objectives, risks, fees and expenses carefully before investing. Visit the Harbor Funds web site at www.harborfunds.com or call 1-800-422-1050 for a prospectus which contains this and other information about the Fund. Read the prospectus carefully before investing.

Distributed by Harbor Funds Distributors, Inc. 

Edited by: Neil Anderson, Managing Editor

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