Manning & Napier Named Finalist for Fund Manager of the Decade by Morningstar --International-Stock Fund, World Opportunities1, One of Five Nominees-- FAIRPORT, N.Y.--(BUSINESS WIRE)--Manning & Napier Fund, Inc.’s World Opportunities Series (EXWAX) was
named one of five nominees for the Morningstar Fund Manager of the
Decade Awards in the International-Stock Fund Manager category. The
award recognizes fund managers who have achieved superior results over
the past 10 years, the most trying decade since the Great Depression,
and have an established record of serving shareholders well. Over the
past 10 years, the World Opportunities Series has returned 9.78%, vs.
EAFE’s2 return of 2.55%, more than tripling the index’s
return, as of 9/30/09. “We are honored to be chosen as one of the five finalists for the International-Stock Fund Manager of the Decade by Morningstar,” says Patrick Cunningham, Managing Director and Co-Director of the Executive Group with Manning & Napier Advisors. “The two bear markets in this decade have challenged many investors, and we believe that our disciplined approach and time-tested process has helped our clients to weather these storms.” The fund opened in September of 1996 and invests primarily in common stocks of foreign companies, including developed and emerging markets. “I believe this recognition is the result of our team-based approach and fundamental stock-picking strategies. We consider our approach ‘benchmark agnostic’ as our goal is to consistently make money for our investors. We find it rewarding to have been able to deliver for our clients over this most difficult decade, and the performance of the World Opportunities Series is a good example of this,” adds Cunningham. The World Opportunities Series’ objective is to maximize long-term growth by investing principally in the common stocks of companies located around the world. Morningstar’s Fund Manager of the Decade Awards focus on performance over the past decade, but also take into consideration factors including the fund manager’s strategy, approach to risk, size of the fund, and stewardship. Morningstar will select their winners in January 2010. About Manning & Napier Advisors, Inc. Manning & Napier Advisors, Inc. is headquartered in Fairport, New York and employs more than 300 full-time employees. The firm, a leader in lifecycle investing, has been a registered investment advisor since 1970 and manages more than $20 billion in client assets as of September 30, 2009. THIS SUMMARY IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER. 1The funds referenced in the release are representative of the Manning & Napier Fund, Inc. World Opportunities Series. Results versus the S&P 500 Total Return Index (“S&P 500”) are stated in the table below:
2MSCI EAFE is comprised of 21 MSCI country indices, representing the developed markets outside of North America: Europe, Australasia, and the Far East. The Index returns do not reflect any fees or expenses. The Index is denominated in U.S. Dollars. The Index returns assume daily reinvestment of net dividends (which do account for foreign dividend taxation). Index returns provided by Interactive Data. Manning & Napier Advisors, Inc. (“Manning & Napier”) and Manning & Napier Investor Services, Inc. are affiliated companies in the Manning & Napier Group of Companies. The Manning & Napier Fund, Inc. is managed by Manning & Napier. Manning & Napier Investor Services, Inc. is the distributor of the Fund shares. Contact: Manning & Napier Advisors, Inc. Nicole Kingsley Brunner, 585-325-6880 Public Relations nbrunner@manning-napier.com Source: Manning & Napier Advisors, Inc.
|  |
