GREENWOOD VILLAGE, Colo., Dec. 1, 2016 /PRNewswire/ -- ICON Advisers, manager of the ICON family of mutual funds, is pleased to announce the addition of Mark Manassee to the ICON Funds' Board of Trustees. Mr. Manassee's term commences on January 1, 2017. The Board of Trustees appointed Mr. Manassee to replace Justice Greg Scott who retired. Mr. Manassee recently retired as President of Market Metrics, a provider of complex business intelligence data for advisor-sold investment and insurance products. At Market Metrics, he advised senior leaders at many of the world's largest asset managers, providing data about their distribution effectiveness and helping them make sound decisions to improve their sales, marketing and operational capabilities. Dr. Craig Callahan, President of ICON Advisers and chairman of the Funds' Board of Trustees said, "I am sure the shareholders, the Board and ICON Advisers will benefit from Mr. Manassee's experience and knowledge of the industry." Mr. Manassee added, "I'm excited to help ICON grow and seek out new asset management opportunities." Based in Greenwood Village, Colorado and recently celebrating its 30th anniversary of discretionary money management, ICON Advisers manages approximately $2.1 billion in assets. The ICON Fund family consists of nine sector funds, four diversified equity funds, one balanced fund, two international funds and one bond fund. There are risks involved with mutual fund investing, including the risk of loss of principal. There is no assurance that the investment process will consistently lead to successful results. An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment. Investing in fixed income securities such as bonds involves interest rate risk. When interest rates rise, the value of fixed income securities generally decreases. Investments in international securities may entail unique risks, including political, market, regulatory and currency risks. In general, there is less governmental supervision of foreign stock exchanges and securities brokers and issuers.