NEW YORK, Aug. 27, 2015 – OppenheimerFunds, a leader in global asset management, today launched the Oppenheimer Global Multi-Asset Growth Fund, underscoring the continuing expansion of the firm’s multi-asset, client-focused approach.
The new fund invests across asset classes to efficiently provide risk-adjusted growth while mitigating downside risk and volatility. It is co-managed by Mark Hamilton, Chief Investment Officer, Asset Allocation; and Portfolio Managers Dokyoung Lee, CFA; Alessio de Longis, CFA; and Benjamin Rockmuller, CFA.
“OppenheimerFunds has developed a distinctive way of thinking about multi-asset portfolios to best serve client needs and objectives. We are providing clarity by creating four multi-asset portfolios to address the typical investment objectives voiced by investors and their advisors: growth, income, diversification and inflation protection. These solutions are designed to address the needs of clients across all market environments,” said Krishna Memani, Chief Investment Officer, OppenheimerFunds. “Mark Hamilton has built a team that is custom made for this objective-driven approach in the multi-asset space.”
Hamilton joined OppenheimerFunds in 2013 to build out the firm’s multi-asset capabilities. He leads a seasoned 20-person investment team with deep experience across traditional and alternative assets, including equities, fixed income, credit, currencies and commodities. The team’s investment expertise spans a variety of disciplines, including quantitative, fundamental and macroeconomic analysis.
“We seek to provide investors and advisors with solutions to meet their key investment objectives. To do this, we combine multiple perspectives — macro, valuation, and risk — to develop a robust view of opportunities and risks across asset classes,” Hamilton said. “Our team has a great chemistry — dynamic, creative, and collaborative — that generates ideas informed by the vigorous exchange of different perspectives. That is how we develop distinctive approaches to the needs of investors and advisors.”
Investments in mutual funds are subject to market risk and volatility. Shares may gain or lose value. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Alternative asset classes may be volatile and are subject to liquidity risk. Derivative instruments, whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. The Fund may invest substantially in exchange traded notes (ETNs) whose returns are linked to the performance of an index and are subject to the risk of industry or sector concentrations. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Fixed income investing entails duration, credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future will cause the values of the Fund’s investments to decline. Credit risk is the risk that the issuer of a security might not make interest and principal payments. Risks associated with rising interest rates are heightened given that rates in the U.S. are at or near historic lows. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. The Fund invests in below-investment-grade (“high yield” or “junk”) bonds which may be subject to greater price fluctuations than investment grade securities, are more at risk of default and are subject to liquidity risk. Small and mid-sized company stocks are typically more volatile than those of larger, more established businesses, and their securities may be more difficult to sell than those of larger companies. There is no guarantee that the issuers of stocks held by mutual funds will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Investments in securities of growth companies may be volatile. Investments in mining and metal industry companies are speculative and may be subject to volatility. Gold ETFs involve additional fees and risks. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Short selling may increase volatility and risk of loss and is considered a speculative investment practice. Investing in long/short strategies presents the potential for significant losses, including the loss of the Fund’s total investment. Such strategies are subject to heightened volatility.
The Fund may invest in other investment companies and are subject to risks of any such investment company’s portfolio. Investing in another investment company may involve paying a premium above the value of that investment company’s portfolio securities and is subject to a ratable share of that investment company’s expenses. Investments in real estate companies, including REITs or similar structures, are subject to volatility and other related risks including loss in value due to poor management, lowered credit ratings and other factors. Smaller real estate companies may also be subject to liquidity risk.
Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund’s investments in securities issued by MLPs are concentrated in the energy infrastructure industry which may be subject to increased volatility. Energy infrastructure companies are subject to risks specific to the industry or sector such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations.
The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund.