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Payden & Rygel’s international equity strategies focus primarily on Europe and Asia allowing investors to diversify their portfolios through active, regional asset allocation. Strategists apply a bottom-up approach to stock selection to minimize turnover in the portfolio. The firm invests in a wide range of companies domiciled outside the U.S. And assets are primarily invested in developed market stock indices. Jointly managed Metzler/Payden LLC, a joint venture between Payden & Rygel and Metzler Bank, is the sub-advisor to the international equity strategy. Metzler Bank has managed European equities since 1960; Payden & Rygel has been an active investment manager since1983. More information on Payden & Rygel's fixed-income, equity and balanced investment strategies. Investment Philosophy Investment Process

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The investment strategy and investment management information presented on this Web site should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. Payden.com is an informative Web site designed to provide information to the general public based on our recommendations of investment management and investment strategies and is not designed to be representative of your own financial needs. Nor does the information contained herein constitute financial management advice. The firm makes no warranty or representation regarding the accuracy or legality of any information contained in this Web site, and assumes no liability for the use of said information. Be advised that as Internet communications are not always confidential, you provide our Web site your personal information at your own risk. Please do not make any decisions about any investment management or investment strategy matter without consulting with a qualified professional. Investment Managers, Investment Strategies, Portfolio Managers, Mutual Funds, Stock Funds, Bond Funds, Offshore funds. ©2008 Payden & Rygel. All rights reserved.