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Rating:Touchstone to Liquidate a Navellier Mandate Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 19, 2010

Touchstone to Liquidate a Navellier Mandate

Reported by Sean Hanna, Editor in Chief

Touchstone is dropping a Navellier & Associates subadvised mutual fund from its line-up. On Thursday Touchstone Funds Group [see profile] revealed that it will close the $19.4 million Touchstone International Growth Fund [TAIMX] next Monday and that it expects to liquidate the fund on September 24. [SEC filing]

The trust's board stated that the decision to close the fund was made "after careful consideration of the Fund's asset size and prospects for future growth."

The fund carries a two-star rating from Morningstar [see fund fact sheet].

Navellier also acts as subadvisor to the Touchstone Large Cap Growth Fund. 

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