NEW FUND IN JAPAN
News From Innovest

As an update, I believe I mentioned to you the new fund we were starting with T. Rowe Price and Daiwa Securities in Japan. After 4 weeks the fund is up to $180 million in assets which we think is quite good considering the markets both here and in Tokyo.

Additionally, I'm happy to report that we have just finalized a contract with ABP Investments, the huge Dutch pension fund which, depending on the day of the week, is between the first or second largest pension fund in the world. As opposed to merely purchasing our research, ABP is dedicating two portfolios of $100 million each, one European and one US, to the Innovest analytics.

Peter Wilkes, Managing Director

Innovest Strategic Value Advisors, Inc.

Four Times Square, 3rd Floor

New York, NY 10036

212-421-2000, ext. 216 (ph)

212-421-9663 (fax)

www.innovestgroup.com
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