MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 19, 2010 Touchstone to Liquidate a Navellier Mandate 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. Printed from: MFWire.com/story.asp?s=33204 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |