Shelton Capital Management and Nikko AM Announce Shelton Greater China Fund

Fund Seeks to Invest in Leading Companies within the Rapidly Expanding Region

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Jun 14, 2011, 01:53 ET

SAN FRANCISCO, June 14, 2011 /PRNewswire/ -- Shelton Capital Management (Shelton Capital), an institutional investment management firm based in San Francisco, and Nikko Asset Management Co., Ltd. (Nikko AM), a leading Asian investment management company headquartered in Tokyo, announced today that they will act as investment advisor and sub advisor, respectively, to the Shelton Greater China Fund (NYSE: TFC).

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"Nikko AM manages more than $150 billion in Asia and for us to offer a U.S.-based mutual fund that takes advantage of their Asian market expertise is significant for financial advisors and their clients. We believe 'feet on the street' in these growth markets will perform exceptionally when compared to index ETFs, and the best advisors understand this intuitively," said Shelton Capital CEO Stephen C. Rogers.

Shareholders of the Taiwan Greater China Fund voted to approve the new investment advisor contract and sub advisor at their annual meeting on May 27, 2011. In addition, the fund can now expand the primary geographic scope from the Republic of China to the Greater China region and therefore, the name has been changed to the "Shelton Greater China Fund." The vote also approved the Fund's conversion from a closed-end fund to an open-end mutual fund, which is expected to occur later this year.

The Shelton Greater China Fund seeks long-term capital appreciation and normally invests its assets in equity securities of companies located in China, Hong Kong, Singapore or Taiwan. These companies have the majority of their exposure and investments in the Greater China region.

"For more than 50 years, Nikko AM has been dedicated to understanding and meeting the needs of investors in the Asia-Pacific region and helping global investors enter this market," said Nikko AM Chairman and CEO Timothy McCarthy. "Greater China is home to some of the world's strongest and fastest growing economies. Over the next 20 years, Greater China should continue to grow to a point where it will exceed a quarter of the world's GDP. Today, it is less than 10%. This growth presents a major opportunity for investors and one that will increasingly become important as a core portfolio holding."

For more information about Shelton Capital Management or Nikko Asset Management, please contact Jami Schlicher at 973-850-7309 or [email protected]. For inquiries about the Shelton Greater China Fund, please call 800-955-9988 or visit www.sheltoncap.com.

About Shelton Capital Management

Shelton Capital Management is a recently announced DBA for CCM Partners, which has served as the investment advisor and administrator to the California Investment Trust since 1985. The Shelton Greater China Fund will be a part of the newly named Shelton Capital Trust. The firm currently manages approximately $900 million in portfolio strategies using U.S. Government securities, municipal bonds, multi-cap equity, and derivative securities. For more information, please visit www.sheltoncap.com.

About Nikko Asset Management Co., Ltd.

Nikko Asset Management (Nikko AM) is a leading Asian investment management company headquartered in Tokyo with approximately $154 billion of assets under advice and management as of March 31, 2011. Established in 1959, Nikko AM is one of the largest asset management companies in Japan with its investment products sold by over 200 distributors in Asia. The firm also has offices in Singapore, London, New York, and Hong Kong, and its recent acquisition of Tyndall Investments added Sydney, Melbourne, Brisbane, and Auckland to its global footprint. Nikko AM also has a 40% stake in Rongtong Fund Management, one of the largest Sino-foreign joint venture investment management companies in China. The firm was the first asset management company granted QFII*1 status, and the first to offer a China A-share fund outside China. For more information, please visit http://en.nikkoam.com.