Two Marshall Money Market Funds Ranked #1 By Leading Industry Analyst Firm
MILWAUKEE, Feb. 19 /PRNewswire-FirstCall/ -- The Marshall Tax-Free Money Market Fund and the Marshall Prime Money Market Fund were recently recognized by iMoneyNet™ as the top performing National Funds for 2009.
The Marshall Tax-Free Money Market Fund had the highest returns in its universe of 83 funds (I class) and 56 funds (Y class) according to iMoneyNet, while the Marshall Prime Money Market Fund finished 2009 as the iMoneyNet #1 AAA-Rated Prime Money Market Fund with the highest return in its universe of 171 funds (I class).
"We are pleased to be recognized by iMoneyNet as a top-performer in 2009," said Tommy Huie, president and chief investment officer of M&I Investment Management Corp., adviser to the Marshall Funds. "These awards validate the commitment Marshall Funds has to effectively manage cash for clients. We value our relationships with corporations, institutions, foundations and endowments, state and local governments, not-for-profit organizations and Taft-Hartley plans."
"The Marshall Money Market investment management teams place a significant emphasis on their credit research. They develop an approved list of issuers, credit insurers, and bank letter of credit underwriters which are used in building the portfolios," continued Huie."The intent of the tax-free money market portfolio management team is to add incremental performance, while achieving and maintaining upper tier rankings," said Craig Mauermann, Marshall Tax-Free Money Market Fund manager. "We concentrate on the day-to-day details, seeking consistent returns that enable us to achieve long-term results." "Our goal for the prime money market fund is to give investors the additional yield that corporate paper can provide while at the same time controlling risk," said Richard Rokus, Marshall Prime Money Market Fund manager. "Within this sector we strive to provide competitive returns by focusing on structural inefficiencies within the money market universe." Other Marshall Funds were recently recognized by Lipper Analytical Services, Inc., a leading organization that compiles performance data on investment companies. The highest ranked Marshall Funds stock fund was the Marshall Small-Cap Growth Fund (Y class). It was in the top 6 percent (21 out of 397 funds) for the 5-year period and the top 7 percent (32 out of 472 funds) for the 3-year period ending December 31, 2009 within its category. The Marshall Funds bond funds with notable rankings within their respective categories were the Marshall Corporate Income Fund (Y class) which was in the top 4 percent (21 out of 549 funds) for the 1-year period, the Marshall Aggregate Bond Fund (Y class) which was in the top 5 percent (26 out of 549 funds) for the 1-year period, and the Marshall Short-Intermediate Bond Fund (Y class) which was in the top 6 percent (8 out of 150 funds) for the 1-year period ending December 31, 2009. For investors seeking to earn tax-free income, the Marshall Intermediate Tax-Free Fund (Y class) was in the top 2 percent (2 out of 142 funds) for the 3-year period and the top 4 percent (4 out of 125 funds) for the 5-year period ending December 31, 2009. About M&I Investment Management Corp. M&I Investment Management Corp., an SEC-registered investment advisor, is one of the affiliates of Marshall & Ilsley Corporation marketed under the brand name M&I Wealth Management. M&I Wealth Management has over 1,500 associates, $122 billion in assets under administration and $32 billion in assets under management as of December 31, 2009, M&I Wealth Management is a leading provider of trust, investment management and banking services to corporations, institutions and affluent individuals. As noted above, M&I Wealth Management offers products and services through various affiliates of Marshall & Ilsley Corporation, including Marshall & Ilsley Trust Company N.A., M&I Investment Management Corp., M&I Financial Advisors, Inc. (member FINRA/SIPC, maintaining its principal offices at 111 E. Kilbourn Ave., Milwaukee, WI 53202), North Star Trust Company, North Star Deferred Exchange Corp. and Taplin, Canida & Habacht, LLC. Insurance coverage is underwritten by a number of insurers. Insurance products are the obligation of the insurance company. Banking products and services are provided by M&I Marshall & Ilsley Bank or M&I Bank FSB, Members FDIC. © 2010 Marshall & Ilsley Corporation
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