Fremont Investment Advisors has replaced the manager for its Fremont International Growth Fund. Jarislowsky Fraser Limited (JFL), a Canadian Firm with $19.6 billion under management, will take over the management of the fund effective tomorrow.
FRL replaces Capital Guardian Trust, which has managed the fund since 1998. The fund has yielded a three-year annualized return of 11.04%, placing it in the 87 th percentile of its category, and a year-to-date return of 11.41%, placing it in the 94 th percentile of its category, according to Morningstar. The fund currently has about $34 million in assets.