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All Press Releases for March 27, 2003 Subscribe to this News Feed    
 

BBH FUNDS Launches New Class A Shares for the BBH Inflation-Indexed Securities Fund and Website Dedicated to TIPS

 New share class facilitates greater intermediary fund distribution; website serves as education center for inflation-indexed assets

    Brown Brothers Harriman announces the launch of Class A shares for the BBH Inflation-Indexed Securities Fund (Ticker symbol: BBIAX) and a new website, www.tipsfund.com, dedicated to providing investors information about Treasury Inflation-Indexed Securities (TIIS, commonly referred to as 'TIPS').
    The new Class A shares are designed to expand the availability of the BBH Inflation-Indexed Securities Fund to additional distribution channels, including wrap accounts, broker-dealer networks and employee defined-contribution plans.
    The BBH Inflation-Indexed Securities Fund invests primarily in securities that are structured to provide protection against inflation. Unlike traditional notes and bonds, which pay a stated rate of interest in dollars and are redeemed at their par amounts, IIS have regular adjustments to their interest payments and redemption value to compensate for the loss of purchasing power from inflation.
    Charles O. Izard, President of BBH Funds notes, "Recognition of Treasury Inflation-Indexed Securities as a unique asset class has grown substantially since the launch of the TIPS program in 1997. By expanding availability of the fund with our new Class A shares coincident with the launch of our tipsfund.com site, BBH continues to maintain a prominent role in the industry as a thought leader on TIPS."
    Additional information about BBH Funds can now be directly accessed through (www.bbhfunds.com). This site offers profiles and prospectuses for each fund. Investors should read the prospectus carefully before investing. To obtain a recent prospectus containing more complete information please contact the BBH Funds Information Service, Brown Brothers Harriman, 140 Broadway, New York, NY 10005 (800)-625-5759. Investments in the BBH Inflation-Indexed Securities Fund are neither insured nor guaranteed by the U.S. Government. Shares of the Fund are not deposits or obligations of, or guaranteed by, Brown Brothers Harriman or any other bank, and the shares are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other federal, state or other governmental agency. The BBH Fund Family is managed by Brown Brothers Harriman. Shares of the fund are distributed by Edgewood Services, Inc.

    About BBH

    Brown Brothers Harriman (BBH) is a privately held partnership that employs 2,900, and maintains offices and subsidiaries in nine states and seven countries worldwide. BBH is a full-service institution that offers exceptional investment management, commercial banking, global custody, merger and acquisition advisory, foreign exchange and equity brokerage for institutions, as well as private equity investing. For more information on BBH's unique integrated approach, please visit www.bbh.com.

CONTACT: Brown Brothers Harriman
         Michael D. Martins, 800/625-5759
         michael.d.martins@bbh.com

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CONTACT INFORMATION
Nicholas Schmid
Brown Brothers Harriman
800 625 5759
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