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Wednesday, November 11, 2015 Next Up, Spangler Plans More Bond Funds and Ponders TDFs and ESG Mike Spangler and his team are prepping more bond mutual funds, but that's not all they have in mind.
"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. Printed from: MFWire.com/story.asp?s=52925 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |