Touchstone Funds Names New Sub-Advisor for Touchstone Growth Opportunities Fund
Westfield Capital Management Company, LLC is New Fund Manager
CINCINNATI, July 21 /PRNewswire/ -- Touchstone Investments announced today that Westfield Capital Management Company, LLC ("Westfield") has been named as the new sub-advisor of the Growth Opportunities Fund (the "Fund"). The change is effective as of July 18, 2006. Westfield replaces Mastrapasqua Asset Management, Inc. as sub-advisor. William A. Muggia, the president and chief investment officer of Westfield, is the lead portfolio manager of the Fund. Muggia is assisted by a team of ten seasoned investment professionals. The Fund's principal investment strategies have been changed to reflect the investment process that Westfield employs for all of its strategies. The Fund invests in growth stocks that span the capitalization spectrum which Westfield believes has the potential to outperform the broad market as measured by the Russell 3000 Growth Index. Since Westfield's All-Cap Growth strategy's universe includes stocks of companies of all market capitalizations, the Fund's benchmark has been changed to reflect this approach. "We believe our decision to bring Westfield on board as the sub-advisor to this Fund reflects our commitment to providing our shareholders with the best investment return possible," said Jim Grifo, president of Touchstone Investments. "The Westfield-Touchstone partnership historically has been successful for our investors in other areas; we look forward to working with this talented team on the Touchstone Growth Opportunities Fund as well." "Drawing on the collective experience and expertise of Westfield's Investment Committee, we seek to build a "best ideas" portfolio," said Muggia. "Our All-Cap Growth Strategy allows us to shift assets to the most attractive segments of the market based on fundamental research and current market and economic conditions." Westfield is also the sub-advisor to the Touchstone Mid Cap Growth Fund, and has served in this capacity since its inception in 1994. An investor should carefully consider the investment objectives, risks, charges and expenses found in the prospectus. For a prospectus containing complete information about a Touchstone Fund and a performance fact sheet, contact your financial professional or Touchstone at 800.638.8194. Please read the prospectus carefully before investing or sending money. About Touchstone Investments(R) With more than $8.0 billion in assets under management, Touchstone Investments, comprised of Touchstone Securities, Inc. and Touchstone Advisors, Inc., provides a variety of mutual fund solutions across the investment spectrum. Touchstone Investments is adept at identifying the needs of investment professionals, designing innovative products, and delivering a selection of premier money managers who act in a sub-advisory capacity. Touchstone Investments offers a disciplined approach with proven results focused on consistent performance. The Touchstone Funds and Constellation Funds are advised by Touchstone Advisors, a registered investment advisor, and are distributed nationally through broker-dealers, financial planners and financial institutions by Touchstone Securities(1), Inc., Cincinnati, Ohio. Touchstone Advisors and Touchstone Securities are each a part of the Western & Southern Financial Group, (R) whose heritage dates back to 1888 and whose assets owned or under management now exceed $39 billion. For more information about Touchstone Investments please visit http://www.touchstoneinvestments.com. For more information about Constellation Funds Group, please visit http://www.constellationfundsgroup.com. About Westfield Capital Management Company, LLC Westfield specializes in domestic growth equities, employing in-depth, bottom-up fundamental research to uncover solid, rapidly growing companies that have yet to be fully recognized by the market. The Boston-based firm, which has been a registered investment advisor since 1989, is dedicated exclusively to asset management services for institutions and wealthy individuals. (1) A registered broker-dealer and member NASD/SIPC
SOURCE Touchstone Investments
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