| (Mar. 10, 2008, Taipei) Grand Cathay Securities Investment Trust Co. Limited, a member of SinoPac Holdings will be re-branded to "SinoPac Securities Investment Trust Co. Limited" , effective from 12 March, 2008. Grand Cathay Securities Investment Trust Co. Limited has become a 100% subsidiary company of SinoPac Holdings since July 18, 2007. The newly re-branded SinoPac Securities Investment Trust Co. Ltd., posts good performances for the mutual funds under the company's management. Both "Grand Cathay Small and Medium Fund" and "Grand Cathay Balance Fund" bestowed 2008 Best Fund Award. The recognitions come as the best celebration for the re-brand of SinoPac Securities Investment Trust Co. Limited. SinoPac Securities Investment Trust Co. Limited stated that following the re-name of the company, series of mutual funds under its management will also file for name change; the re-name is subject to the approval of Financial Supervisory Commission. Prior to the approval, the mutual funds will retain their former names, whilst the rights and benefits of investors will not be impacted. Since 1997, SinoPac Securities Investment Trust Co. Limited is heading into its 11th year, with prominent shareholders. In the early days, shareholders included Grand Cathay Securities Corporation, US based Metropolitan Life Insurance Company and another US based CDC IXIS Asset Management North America. L.P. Its major stakes held by YFY Group and International Bank of Taipei, and later became a subsidiary of SinoPac Holdings in 2007. Led by its major shareholders and professional management team, SinoPac Securities Investment Trust Co. Limited accumulates ample experiences in asset management, commits to the financial markets both domestic and overseas. SinoPac Securities Investment Trust Co. Limited wins excellent word of mouth in mutual fund management and discretionary investment business. The mutual funds managed by SinoPac Securities Investment Trust Co. Limited earned recognitions from the Best Fund Award for consecutive years. This year, it collected three titles at once at the 2008 Best Fund Award organized by the Taipei Foundation of Finance. "Grand Cathay Small and Medium Fund" grabbed Taiwan small to middle sized equity fund one-year and three-year awards, "Grand Cathay Balance Fund" gained Taiwan balance fund one-year award, and "Grand Cathay Balance 2 Fund" was nominated for the Balanced Equity one-year and three-year categories. In the past six years, SinoPac Securities Investment Trust Co. Limited never missed out from the winners' list or the nominees' list. Mr. Peter Ma, President of SinoPac Securities Investment Trust said, "SinoPac's Chinese name is "Yuen Foong", in which 'Yuen' represents longevity, booming; 'Foong' portrays prosperity and abundance." To live up to its name, SinoPac Securities Investment Trust is dedicated to design quality mutual funds, and manage its assets to the highest standard for each and every one of its customers. |
