Nationwide Funds, Nationwide Financial's mutual fund business, is
expanding its family of investment offerings with the addition of three
new mutual funds. The new funds will provide investors with greater
choice and access to new portfolio managers, while helping Nationwide
Funds reach its growth objectives.
In the past year, Nationwide Funds has seen a 200 percent increase in
mutual fund sales and grown assets under management to $57.2 billion, up
from $47.1 billion in the first quarter of 2013. These developments mark
new strides in the firm's quest to strengthen its role as a strategic
partner to financial advisors and offer a broader product lineup to meet
a range of investor needs.
"We are aggressively growing our mutual fund business, particularly in
the retail and defined contribution markets," said Mike Spangler,
president of Nationwide Funds. "We are committed to seeking new
opportunities to increase our product offerings and expand our suite of
investment strategies to help investors prepare for and live in
The new funds include:
The Nationwide Herndon Mid Cap Value Fund (Class A: NWWMX), which
seeks to provide long-term capital appreciation by investing primarily
in mid-sized companies that the subadviser believes are undervalued and
poised to outperform the market. The fund is managed and subadvised by
Herndon Capital Management. It is the first mutual fund to offer the
Herndon mid cap value strategy.
The Nationwide Diverse Managers Fund (Institutional Service
Class: NWWFX), which seeks to provide capital appreciation and
income by investing in a globally diversified portfolio of equity and
fixed-income securities. The fund consists of four individual investment
sleeves that are managed by separate mnority- and women-owned
investment firms, including Garcia Hamilton & Associates, Herndon
Capital Management, Strategic Global Advisors, LLC, and Ariel
Investments. The fund will be available to Nationwide Financial's
retirement plan clients in mid-July.
The Nationwide Bailard Emerging Markets Fund (Class A: NWWAX),
which seeks long-term capital growth by investing in equity securities
of companies located in or economically tied to emerging market
countries. The fund is subadvised by Bailard, Inc. Nationwide's
relationship with Bailard began when it acquired 17 mutual funds from
HighMark Capital Management, Inc. last year. The acquisition included
three funds that were managed by Bailard, which have helped fuel recent
"We created these new funds based on demand, and are excited to add four
new investment managers to our product offerings," said Karen
Heath-Wade, vice president of mutual fund sales for Nationwide
Financial. "We believe the managers we have selected are among the best
in the industry to help us execute on our strategy of offering a
complete lineup of funds that provide long-term, above-average
performance at below-average cost."
Investors interested in learning more about Nationwide Funds should
contact their financial professional or visit the Nationwide Funds
website. Financial professionals interested in learning more should call
the Nationwide Funds Group sales desk at 877-877-5083, option 3, and can
About Nationwide Funds
Based in the Philadelphia area, Nationwide Funds is the mutual fund
business of Nationwide Financial Services Inc., a leading provider of
long-term savings and retirement products and a Nationwide Insurance
company. A strategic partner to advisors, Nationwide Funds provides a
full family of sub-advised mutual funds designed to help meet the unique
investment goals and risk tolerances of their investor clients. As of
March 31, 2014, Nationwide Funds manages 114 funds with approximately
$57.2 billion in assets, excluding fund of funds.
Nationwide Mutual Insurance Company, a Fortune 100 company based in
Columbus, Ohio, is one of the largest and strongest diversified
insurance and financial services organizations in the U.S. and is rated
A+ by both A.M. Best and Standard & Poor's. The company provides a full
range of insurance and financial services, including auto, commercial,
homeowners and life insurance; public and private sector retirement
plans, annuities and mutual funds; banking and mortgages; specialty
health; pet, motorcycle, boat and farm insurance. For more information,
Nationwide, Nationwide Financial, On Your Side, Join the Nation
and the Nationwide frame mark are service marks of Nationwide Mutual
Investing involves risk, including the possible loss of principal.
Nationwide Funds Group (NFG) comprises Nationwide Funds Advisors,
Nationwide Fund Distributors LLC and Nationwide Fund Management LLC.
Together they provide advisory, distribution and administration
services, respectively, to Nationwide Funds.
Nationwide Funds distributed by Nationwide Fund Distributors LLC
(NFD), member FINRA, King of Prussia, Pa. NFD is not an affiliate of
any subadviser contained in this material.
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