Touchstone is dropping a Navellier & Associates
subadvised mutual fund from its line-up. On Thursday Touchstone Funds Group
] revealed that it will close the $19.4 million Touchstone International Growth Fund> [TAIMX] next Monday and that it expects to liquidate the fund on September 24. [SEC filing]
The trust's board stated that the decision to close the fund was made "after careful consideration of the Fund's asset size and prospects for future growth."
The fund carries a two-star rating from Morningstar [see fund fact sheet].
Navellier also acts as subadvisor to the Touchstone Large Cap Growth Fund.
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