The Gabelli ESG Fund: The Gabelli SRI Fund Name Change
May 17 2016 - 4:52PM
Business Wire
Gabelli Funds, LLC announced today that The Gabelli SRI Fund has
changed its name to The Gabelli ESG Fund. The name change reflects
the Fund’s broadened, proactive approach to consider environmental,
social and governance issues in today’s investment landscape.
The Fund was launched in June 2007 with an investment objective
to seek capital appreciation through a strategy of investing in
companies that act in a socially responsible manner while utilizing
the Firm’s unique approach to finding undervalued equities -
Private Market Value (PMV) with a Catalyst. This bottom-up research
process is focused on discovering undervalued equity securities
with potential catalysts in place to close the gap between the
market price of the business and our estimate of its Private Market
Value. By incorporating ESG (Environmental, Social &
Governance) factors into the investment process, the managers
believe it enables a more holistic decision which closely aligns
the Fund with investors’ interests.
The Fund is managed by Kevin V. Dreyer, Christopher J. Marangi
and Christopher C. Desmarais.
Commenting on the name change of the Fund, Mr. Desmarais said,
"As the field of SRI has evolved over time, the Fund has evolved as
well. We feel strongly that this is the natural next step for the
Fund and that the name change more correctly reflects what
investors can expect of their investments at Gabelli."
GAMCO has a nearly 30 year history of socially responsible
investing, starting in 1987, including investing on behalf of
foundations, endowments, faith-based organizations and individuals
around the world while taking into account their social
mandates.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. The prospectus, which contains more complete information
about this and other matters, should be read carefully before
investing. To obtain a prospectus, please call 800 GABELLI or
visit www.gabelli.com.
The Gabelli SRI Fund is distributed by G. distributors LLC.,
a registered broker dealer and member of FINRA.
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For Gabelli Funds, LLCChris Desmarais, 914-921-5237Portfolio
Manager
Gamco Investors (NYSE:GBL)
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