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NEW YORK, Oct. 31, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced the launch of Oppenheimer International Growth and Income Fund (Ticker: OIMAX). The fund is managed by Robert Dunphy, co-portfolio manager of Oppenheimer International Growth Fund, who joined the firm in 2004.
"We're delighted to build on the success of our Oppenheimer International Growth Fund which celebrated its 20th anniversary earlier this year," said Krishna Memani, Chief Investment Officer of OppenheimerFunds. "The fund seeks to expand on the success factors of the Oppenheimer International Growth Fund to investors looking for income in addition to long-term capital appreciation."
The Oppenheimer International Growth and Income Fund will seek total return by investing in cash generative, dividend paying companies that may benefit from long-term secular growth trends. "Long-term investing must involve a disciplined investment process and the ability to look beyond index compositions or fleeting trends," said George Evans, CIO, Equities, and Portfolio Manager Oppenheimer International Growth Fund. "Our strategy for this fund aims to do exactly that, to ascertain the true growth potential of companies."
"Our investors want access to international companies that have structurally sustainable growth advantage, ignoring index biases," commented Kamal Bhatia, Head of Investment Products and Solutions, OppenheimerFunds. "Designing products that can simultaneously participate in shareholder friendly income satisfies multiple client needs."
There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. 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. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Diversification does not guarantee profit or protect against loss.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of September 30, 2016.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and revenue-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
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.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281
© 2016 OppenheimerFunds Distributor, Inc. All rights reserved.
