is talking up the benefits of using a subadvised approach to running a mutual fund shop. The Touchstone
] CEO talked to Advisor One
about how subadvising funds is advantageous and his investment outlook.
Graziano says Touchstone is unique because they hire experts in respective asset classes:
"What we have to offer is a portal to money managers who specialize in running money for large institutions and endowments; money managers who pass the hurdle and screens of institutional consultants who are generally the gatekeepers."
Graziano, who was ready to retire in 2008 but was enticed by the offer to join the fund when he knew it operated with a subadvised model, now manages the managers.
We have a team of three, soon to be four, people whose only job is to review the performance of our existing managers and to bring new managers into the fold.
Touchstone is "focused on premium yield" for their funds in the coming year.
"Dividend yield strategies are products right for the time. People are looking for income, and we're talking about our high-yield strategies," he added.
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