PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Mutual Funds

Touchstone Investments Names The London Company as New Sub-Advisor of the Touchstone Mid Cap Fund

Share with Twitter Share with LinkedIn

CINCINNATI, Dec. 13, 2011 /PRNewswire/ -- Touchstone Investments, a mutual fund company providing access to well-known and respected institutional asset managers through extensive sub-advisory relationships, announced that The London Company (TLC) has been named the new sub-advisor to the Touchstone Mid Cap Fund (the Fund) effective Dec. 8. The firm also serves as the sub-advisor to the Touchstone Small Cap Core Fund, which launched in September 2009, and has $220 million in assets.

"We are pleased to expand our relationship with TLC to manage the Touchstone Mid Cap Fund, delivering an experienced investment team and a strategy that we believe will lead to the Fund's continued success," said Steven M. Graziano, president of Touchstone Investments. "Our comprehensive approach to selecting and monitoring our sub-advisors is the cornerstone of our company, and we seek to maximize performance over the long term by delivering exceptional insight and experience to our investors."

The Fund invests, under normal market conditions, at least 80 percent of its assets in common stocks of medium capitalization U.S. listed companies. TLC will seek to purchase financially stable mid cap companies that it believes are consistently generating high returns on unleveraged operating capital, run by shareholder-oriented management, and trading at a discount to their respective private market values. The mid cap portfolio will seek to hold approximately 30-40 well-managed, highly profitable, predictable franchises, while providing an optimal risk-reward benefit to the investor.

TLC is a registered investment advisor with more than $2.1 billion in assets under management as of Sept. 30, 2011. The firm was founded by Stephen M. Goddard, CFA, who serves as managing director. Mr. Goddard heads TLC's investment committee and has more than 25 years of investment experience. Along with Goddard, TLC's investment team is composed of portfolio managers Jonathan T. Moody, CFA, J. Wade Stinnette, Jr., J. Brian Campbell, CFA, and Mark E. DeVaul, CFA.

"Touchstone has emerged as a leader in offering innovative mutual fund strategies to institutional and retail investors that are designed to meet their defined investment goals and risk-return objectives," said Goddard. "We are confident that TLC's successful investment process, used in connection with Touchstone's Small Cap Core Fund, will readily translate to our new association with the Touchstone Mid Cap Fund."

TLC replaces Turner Investment Partners Inc. as sub-advisor of the Fund.

About Touchstone Investments
Touchstone Investments is a mutual fund company utilizing a sub-advisor model that offers access to institutional asset managers who are experts in their respective asset category, with strategies not typically available to the average investor. While Touchstone's sub-advisors are held to strict performance standards, they work with a large measure of independence and operate within their own demonstrated areas of expertise to offer a variety of strategically focused funds across styles and asset classes. A rigorous five-step asset manager evaluation and oversight approach seek to ensure delivery on Touchstone's commitment of achieving competitive long-term results.

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 TouchstoneInvestments.com.

About The London Company
The London Company is a registered investment advisor with over $2.1 billion in assets under management.  In addition to the discretionary assets under management, the firm serves as adviser to model-based programs, which brings the total entity assets of the firm to $4.0 billion, as of Sept. 30, 2011. TLC was founded by Stephen M. Goddard as the dedicated equity advisor to First Colony Corporation, a publicly traded Life Insurance Company. Today, the Richmond, Virginia based company provides equity, income equity, and small cap portfolio management services to a mix of corporations, trusts, foundations, endowments, pensions, banks, individuals, and mutual fund accounts.  For more information, please visit www.tlcadvisory.com.

Important Additional Information
Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the Fund. To obtain a prospectus or a summary prospectus, contact your financial advisor or download and/or request one at TouchstoneInvestments.com/home/formslit/ or call Touchstone at 800.638.8194. Please read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. For performance information current to the most recent month-end, visit TouchstoneInvestments.com/home/pricingperformance/.

Investment products offered are not FDIC insured, may lose value and have no bank guarantee.

For media inquiries, please contact Mona Delia at (973) 850-7330 or mdelia@jcprinc.com. For more information about Touchstone, please contact Sharon Karp at (513) 362-8026 or sharon.karp@touchstoneinvestments.com.

Contact:

 

Sharon Karp

Mona Delia

Touchstone Investments

JCPR

(513) 362-8026

(973) 850-7330

sharon.karp@touchstoneinvestments.com

mdelia@jcprinc.com

SOURCE Touchstone Investments



RELATED LINKS
http://www.TouchstoneInvestments.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release