CINCINNATI, Aug. 16, 2016 /PRNewswire/ -- Touchstone Advisors Inc. has closed on its adoption of U.S. mutual funds managed by DSM Capital Partners LLC (DSM), gaining roughly $202 million in assets and a new growth stock sub-advisor with strong, long-term performance records in U.S. large cap growth and global growth equities.
Touchstone, a wholly owned subsidiary of Western & Southern Financial Group, now has roughly $16 billion in assets under management (as of 8/15/2016), and an expanded lineup of 35 mutual funds, managed by Touchstone Advisors and sub-advised by 18 institutional investment managers.
As part of the adoption, the DSM Large Cap Growth Fund was reorganized into the Touchstone Large Company Growth Fund. The DSM Global Growth Fund and the DSM Global Growth & Income Fund were reorganized into the Touchstone Global Growth Fund. The new funds retain DSM as sub-advisor and will continue to benefit from the 10-person strong DSM investment team led by Daniel Strickberger, chief investment officer of DSM.
With the adoption, Touchstone created new share classes for the funds, which previously only offered an institutional share class. For more information about the funds, investors and their advisors should visit www.TouchstoneInvestments.com.
"We are elated to join together with DSM to offer such accomplished strategies to Touchstone's advisors and shareholders," said Steven M. Graziano, president of Touchstone Investments. "DSM is perfectly reflective of the institutional investment boutiques, highly active strategies and demonstrated performance success that investors have come to expect from Touchstone sub-advisors and funds."
"Our partnership with Touchstone allows DSM to continue to serve fund shareholders by sub-advising the funds while leveraging Touchstone's product, marketing and distribution expertise. It was important to us to partner with a firm like Touchstone whose philosophy regarding active equity management is so much like our own," Strickberger said.
About Touchstone Investments
Touchstone Investments is a mutual fund company committed to providing investors with access to institutional asset managers who act in a sub-advisory capacity. Managed by sub-advisors with high conviction, concentrated portfolios, Touchstone's entire equity fund lineup is composed of high Active Share funds which means their holdings are highly differentiated from their benchmarks. Touchstone's sub-advisor selection and monitoring approach is built upon the conviction that an asset manager's organizational stability, quality of its personnel, adherence to its investment discipline and infrastructure represent the elements of repeatable, value-added performance results over time. This philosophy has resulted in a diverse but focused product offering that gives investors a full breadth of investment options across styles and asset classes. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment advisor, and are distributed nationally through intermediaries including broker-dealers, financial planners and institutions by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc. and IFS Financial Services, Inc. are members of Western & Southern Financial Group. For more information, please visit www.TouchstoneInvestments.com.
About DSM Capital Partners
Palm Beach Gardens, Florida-based DSM has over $6 billion in assets under management and focuses on managing highly active, high conviction growth strategies for a diverse group of institutional and high-net-worth clients. DSM employs a bottom-up, growth stock investment process with an intermediate to long-term investment horizon. DSM's ten-person investment team specializes in proprietary fundamental research to identify and model reliable growth companies, complemented by a rigorous valuation discipline used for both buying and selling positions. The valuation discipline makes DSM a growth firm with a value backbone. For complete information about DSM, see www.dsmcapital.com.
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SOURCE Touchstone Investments