LEESPORT, PA--(Marketwired - Jun 19, 2014) - DMS Funds today announced that it is replacing the underlying CNX indexes on which its DMS India Midcap Index Fund and DMS India Bank Index Fund are based with two new indexes from NASDAQ OMX Global Indexes. DMS Funds is a mutual fund company offering funds based on stock exchange and sector benchmark indexes in developing markets.
The new DMS NASDAQ India MidCap Index Fund (DAIMX-A Shares/DIIMX-I Shares) seeks to replicate as closely as possible, before fees and expenses, the price and performance of the NASDAQ India Mid-Cap Sector Capped 20 Index. The NASDAQ India Mid-Cap Sector Capped 20 Index comprises mid-cap stocks with no individual sector exposure exceeding 20%. These companies represent a broad spectrum of rapidly growing industries essential to India's continued economic growth and serve as a benchmark for the midcap portion of Indian stocks. The earlier DMS India Midcap Index Fund tracked the CNX Midcap Index comprising 100 midcap companies listed on the NSE.
The new DMS NASDAQ India Bank Index Fund (DAIBX-A Shares/DIIBX-B Shares) seeks to replicate as closely as possible, before fees and expenses, the price and performance of the NASDAQ India Banks Index, which comprises the largest banks listed on Indian exchanges and serves as a benchmark for the capital market performance of India's banking sector. The earlier DMS India Bank Index Fund tracked the CNX India Bank Index.
"At DMS Funds we're committed to providing U.S. investors with the opportunity to easily access the investment potential inherent in the world's most investable developing markets. We're thrilled to have NASDAQ OMX Global Indexes working with us to let us efficiently deliver on this commitment. The launch of the new DMS Funds' India midcap and bank index funds deepens our relationship with NASDAQ OMX Global Indexes and ensures DMS Funds' investors access to developing markets indexes from a brand they trust, that is synonymous with innovation and quality," said Peter Kohli, DMS Funds CEO and CIO.
"We are pleased to be working with DMS Funds on building India indexes for the benefit of their investors," said David Krein, Head of Research, NASDAQ OMX Global Indexes. "Our rules-based, transparent index methodologies are perfectly-suited for delivering these exposures to DMS's investors."
The companies included in the NASDAQ India Mid-Cap Sector Capped 20 Index are drawn from all of India's industry sectors, including oil and gas, health care, and financials. According to Mr. Kohli, capping the sector exposure helps improve the risk profile by limiting over-concentration in any one sector or group of sectors. Additional information about the DMS NASDAQ India MidCap Index Fund and DMS NASDAQ India Bank Index Fund may be viewed at www.dmsfunds.com.
About DMS Funds
DMS Funds is a mutual fund company focused exclusively on offering funds based on stock exchange and sector benchmark indexes in developing markets. DMS Funds include the DMS NASDAQ India Midcap Index Fund, DMS NASDAQ India Bank Index Fund, the DMS Poland Index Fund and the DMS Baltic Index Fund. With the creation of the DMS Baltic Index Fund in June 2013, DMS Funds became the first U.S. fund company to develop a mutual fund based on a NASDAQ OMX global index. The DMS NASDAQ India Midcap Index Fund was created via a collaborative effort of DMS Funds and NASDAQ OMX Global Indexes.
DISCLAIMER:
There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.
You cannot invest directly in an index. Investments in Mutual Funds involve risk including possible loss of principal.
The Fund may invest in frontier and emerging markets, composed of companies that are typically smaller and younger and therefore more volatile and riskier than established markets. Investment in frontier and emerging markets could result in loss of principal. Single country (Poland), emerging market, and frontier risks involve the chance that world events, such as political upheaval, financial troubles, or natural disasters, will adversely affect the value of the securities issued by companies in individual foreign countries or regions.
Non-diversified fund status. Under the United States Investment Company Act of 1940 (the "1940 Act"), the Fund has elected to be classified as a "non-diversified" fund. Generally speaking, a diversified investment portfolio (spread among many investments with no substantial concentration in any one investment) is not as risky as a non-diversified portfolio. Currency risk involves the chance that the value of a foreign investment, measured in U.S. Dollars, will decrease due to unfavorable change in currency exchange rates.
Investors should carefully consider the investment objectives, risks, charges and expenses of the DMS NASDAQ India Bank Index Fund and DMS NASDAQ India Midcap Index Fund. This and other important information about these Funds is contained in the prospectus, which can be obtained at www.dmsfunds.com or by calling 855-367-4900. The prospectus should be read carefully before investing. The DMS NASDAQ India Bank Index Fund and DMS NASDAQ India Midcap Index Fund are distributed by Arbor Court Capital, LLC, member FINRA.
Contact Information:
Contact
Robin Schoen
Robin Schoen Public Relations
215.504.2122
rschoen@robinschoenpr.com