plans to launch 10 mutual funds on October 1. The Cincinnati-based firm is currently awaiting final approval from the Securities and Exchange Commission.
"The ticker symbols were submitted to the SEC in August, and we're just waiting for that process to finish," Touchstone representative Tony Kono
told The MFWire
All the funds will be sub-advised. Expense ratios will range from 223 to 398 bps for A shares and 309 to 408 bps for the C shares.
The new funds, and corresponding sub-advisors, include:
Touchstone Emerging Markets Equity Fund - AGF Investments America Inc.
Touchstone Capital Appreciation Fund - Farr, Miller & Washington
Touchstone Mid Cap Value Fund - Munder Capital
Touchstone Global Real Estate Fund - Cornerstone Real Estate Advisers
Touchstone Large Cap Relative Value Fund - EARNEST Partners
Touchstone Small Cap Core Fund - The London Company
Touchstone Global Equity Fund - Bedlam Asset Management
Touchstone Long/Short Equity Fund - Aronson+Johnson+Ortiz
Touchstone Core Plus Fixed Income Fund - Bradford & Marzec
Touchstone International Fixed Income Fund - Augustus Asset Managers Limited
The investment company already has "around 30" mutual funds, and the total number after the launch of the 10 is currently unclear, because Touchstone may reconfigure or close certain funds after the new funds hit the market.
Touchstone will host a press briefing in New York City on October 13 to promote the launch. The event will feature commentary from the funds' sub-advisors, including Farr, Miller & Washington president Michael Farr, and The London Company's founder Stephen Goddard. The 10 guest money managers will discuss investment strategies and potential developments in the mutual fund business.
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