Friday, January 11, 2013

Blue Water's International Equity Portfolio Manager Named Morningstar's Manager of the Year

Rajiv Jain, portfolio manager of the Virtus Foreign Opportunities Fund (symbol JVIAX/JVXIX) has been named Morningstar's 2012 International-Stock Fund Manager of the Year (U.S).   This award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors."  Blue Water has utilized the Fund to manage the growth component of its developed international equities allocation since the firm’s inception in 2007.
"We congratulate Rajiv on this honor, which is a well-deserved recognition for his distinguished, long-term track record" said George R. Aylward, president and chief executive officer of Virtus. "Morningstar's acknowledgment of the quality and consistency of Rajiv's investment process confirms the success of his approach to risk-controlled investing over full market cycles. The international equity markets have been difficult to navigate over the past five years, but Rajiv's steadfast approach has allowed him to deliver top-tier performance for our fund shareholders."
The Virtus Foreign Opportunities Fund has a five-star rating in the Morningstar Foreign Large Growth category, and has a top-decile rank for the one-, three-, and ten-year periods, and a top quartile rank for the five-year period.