and his team are prepping more bond mutual funds, but that's not all they have in mind.
| Mike Spangler|
] mutual fund arm just launched two bond funds powered by Amundi, and Spangler confirms that Nationwide has two more in registration, this time with help from a different European multinational asset manager.
"They will be subadvised by Standard Life Investments
," Spangler, president of Nationwide Funds, tells MFWire
Edinburgh, Scotland-based Standard Life has about $400 billion in AUM.
And, Spangler is pondering other products too: retirement- and ESG-flavored products.
"We're also looking at the future of target date investing as well as responsible investing," Spangler says.
Nationwide already offers the Destination
target date fund suite, which features 11 funds with a combined $1.63 billion in AUM. The 2060 fund is unrated by Morningstar, while A shares for each of the other 10 funds are rated one or two stars.
The Columbus, Ohio-based insurer's mutual fund arm now has 118 funds with about $58.1 billion in AUM, excluding funds of funds.
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