CINCINNATI, April 29, 2016 /PRNewswire/ -- Touchstone Investments announces the launch of the Touchstone International Growth Fund (TIAPX, TAGCX, TSPYX, TSIGX). The fund seeks to achieve long-term capital growth by investing primarily in the common stock of foreign companies through American Depositary Receipts ("ADRs") and foreign stocks that trade on U.S. exchanges. The fund invests primarily in issuers located in developed markets.
For more information about the fund, investors or their advisors should visit, http://www.touchstoneinvestments.com/mutual-funds/international-growth-fund-overview-a-shares.htm.
The fund is sub-advised by Apex Capital Management, which also serves as sub-advisor to the Touchstone Small Cap Growth Fund. The Dayton, Ohio firm embraces bottom-up fundamental research with top-down secular views, investing in companies with stable growth and emerging growth characteristics.
"We are pleased to expand our partnership with Apex as we continue serving investors looking for skilled managers to brave the challenges ahead," said Steven M. Graziano, president of Touchstone Investments. "And with its disciplined process, the firm efficiently narrows the universe of securities with carefully selected growth screens and deep analysis of company fundamentals."
"We seek to deliver outperformance for the International Growth Fund, as well as for the Small Cap Growth Fund, by identifying growth trends that provide a tailwind for companies united with major technological, economic, demographic, regulatory or societal changes," said Nitin N. Kumbhani, Apex founder, CIO and principal.
"We rigorously analyze company fundamentals and global strategy. We know through our research that aging baby boomers are driving new leisure spending, technological advancements are boosting cyber security spending, and expanding incomes are contributing to a rising global healthcare demand. We are thrilled to strengthen our relationship with Touchstone with yet another vehicle that allows us to tap into these similar trends and execute on our strategy of spotting changes today that are driving tomorrow's growth."
Apex is also a manager with a high Active Share, a holdings-based measure used to determine how different a portfolio is from its benchmark. Touchstone believes that high Active Share and high manager conviction are good indicators that a strategy has the opportunity to outperform its benchmark, making Active Share a valuable part of manager evaluation and fund analysis. The Small Cap Growth Fund Active Share was 86 percent as of March 31, 2016.
Touchstone incorporates a sub-advisor model that offers investors access to institutional asset managers whose strategies are typically not available to average investors.
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 Apex Capital Management
Founded in 1987, Apex Capital Management is a U.S. growth equity manager with assets under management of approximately US$7.1 billion as of December 31, 2015. The Apex team has a long history of delivering positive absolute returns to its clients specializing in SMID-Cap Growth and Small-Cap Growth equities. Apex is headquartered in Dayton, Ohio and is 100% employee-owned. Apex's client base is comprised of top institutional clients including public pension funds, defined contribution plans, foundations, endowments, corporations, government entities, and other organizations. Apex also caters to "corner office" advisors with large high-net-worth and institutional relationships (via SMAs, UMAs, wrap programs, and a SMID-Cap Growth mutual fund). For more information, visit www.apexcm.com.
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SOURCE Touchstone Investments