COLUMBUS, Ohio, June 1, 2017 /PRNewswire/ -- Nationwide added a new option to its menu of funds today with the launch of its Nationwide Loomis All Cap Growth Fund. The Fund offers the opportunity to invest with a manager that has the flexibility to pursue prime opportunities regardless of market capitalization.
The new fund will be subadvised by Boston-based Loomis, Sayles & Company, founded in 1926 and which currently oversees $250 billion in assets, and be managed by Aziz Hamzaogullari, head of the growth equities strategy team at Loomis Sayles.
"We look forward to working with Aziz and his team at Loomis Sayles, a company that is well respected and has a long and impressive history of creating returns for shareholders," said Chris Graham, Chief Investment Officer of Nationwide Funds. "Aziz's high-conviction all cap domestic growth approach to investing in companies which exhibit sustainable secular growth has consistently generated alpha for institutional investors. By partnering with Nationwide, this approach will now be made available to retail investors as well."
The Nationwide Loomis All Cap Growth Fund (Class A: NWZLX; Class R6: NWZMX; Institutional Service Class: NWZNX) maintains an objective to seek long-term growth and may invest across sectors, industries and market capitalization. The portfolio management team seeks high-quality companies trading at a significant discount to intrinsic value that exhibit sustainable competitive advantages, long-term structural growth drivers, attractive cash flow returns on invested capital and management teams focused on creating long-term value for shareholders.
The Fund's portfolio structure is different in that it has the flexibility to add names of any market capitalization in an attempt to exploit optimal opportunities in growth.
"We're pleased to partner with Nationwide on this new fund and provide investors with another option to maintain a diversified portfolio and assist in their efforts to take a consistent, long-term approach to investing," said Hamzaogullari.
This is the second fund launched by Nationwide this year. In January the Nationwide International Small Cap Fund commenced operations, which offers investors the opportunity to diversify their international equity exposure with the objective of providing long-term capital growth.
As a strategic partner to advisors, Nationwide provides a full family of subadvised mutual funds designed to help meet the unique investment goals and risk tolerances of investors. Nationwide currently manages 115 funds with approximately $62 billion in assets, excluding fund of funds.
Investors interested in learning more about Nationwide's mutual funds should contact their financial professional or click here. Financial professionals interested in learning more should call the Nationwide Funds Group sales desk at 877-877-5083, option 3, or visit the website.
About Nationwide
Nationwide, 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, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.
About Loomis Sayles
Since 1926, Loomis, Sayles & Company, L.P. has served the investment needs of institutional and mutual fund clients. As performance-driven investors seeking exceptional opportunities, Loomis Sayles employs actively managed disciplines that combine fundamental research, systematic risk assessment and experienced portfolio management. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages over $250 billion in assets as of March 31, 2017. For more information, please visit www.LoomisSayles.com.
This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.
Call 800-848-0920 to request a summary prospectus and/or a prospectus, or download prospectuses at nationwide.com/mutualfunds. These prospectuses outline investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing.
Investing in mutual funds involves risk, including the possible loss of principal. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. There is no assurance that the investment objective of any fund will be achieved.
The Nationwide Loomis All Cap Growth Fund is subject to the risks of investing in equity securities (including small and mid-sized companies). The Fund also is subject to the risks of investing in foreign securities (which are volatile, harder to price and less liquid than U.S. securities). Growth funds may underperform other funds that use different investing styles. Funds that invest in a relatively small number of securities may be subject to greater volatility than a more diversified investment. Please refer to the most recent prospectus for a more detailed explanation of the Fund's principal risks.
The Nationwide International Small Cap Fund is subject to the risks of investing in equity securities (including small companies). The Fund also is subject to the risks of investing in foreign securities (currency fluctuations, political risks, differences in accounting and limited availability of information, all of which are magnified in emerging markets). The Fund may invest in more-aggressive investments such as derivatives (many of which create investment leverage and illiquidity, and are highly volatile). The Fund uses both a growth style and a value style of investing, and may underperform other funds that use different investing styles. Please refer to the most recent prospectus for a more detailed explanation of the Fund's principal risks.
Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, Columbus, OH. NFD is not affiliated with any subadviser contracted by Nationwide Fund Advisors (NFA), with the exception of Nationwide Asset Management, LLC (NWAM).
Nationwide Investment Services Corporation (NISC), member FINRA.
Nationwide, Nationwide is on your side, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2017
MFN-0167AO
Contact:
Jeff Whetzel
(614) 249-6354
[email protected]
SOURCE Nationwide
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