Saw this earlier today via Planadvisor. I wonder if Nationwide is doing this because of customer demand or if they are getting out ahead of the curve. My bet would be customer demand.
“This new fund broadens the reach of our product offerings and allows investors in our Target Destination Funds to achieve better volatility management,” Spangler said. “We feel investors will benefit from the additional diversification and potential protection from inflation they can achieve by investing in the Nationwide Inflation-Protected Securities Fund.”
Nationwide Funds, a company of Nationwide Insurance, manages 86 funds with $42 billion in assets.
Nationwide Launches Inflation-Protected Securities Fund
“Inflation-protected securities play a crucial role in
lowering volatility in an investor’s long-term asset-allocation strategy,” said
Michael Spangler, president of Nationwide Funds Group. “The Nationwide
Inflation-Protected Securities Fund provides an additional hedge against future
inflation without requiring investors to take on additional credit risk.”
The fund will also be available to the portfolio managers of
the Nationwide Target Destination Funds, Nationwide’s family of target-date
funds. The majority of the fund’s assets will be invested in Treasury inflation-protected
securities (TIPS).“This new fund broadens the reach of our product offerings and allows investors in our Target Destination Funds to achieve better volatility management,” Spangler said. “We feel investors will benefit from the additional diversification and potential protection from inflation they can achieve by investing in the Nationwide Inflation-Protected Securities Fund.”
Nationwide Funds, a company of Nationwide Insurance, manages 86 funds with $42 billion in assets.
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