Touchstone launches Credit Opportunities Fund with focus on global debt securities.
BANKING AND CREDIT NEWS-September 18, 2015-Touchstone launches Credit Opportunities Fund with focus on global debt securities
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Touchstone Investments said it has launched Touchstone Credit Opportunities Fund to take advantage of market inefficiencies and relative value opportunities in the global fixed-income market. Sub-advisor for the fund is Ares Capital Management II LLC.
Touchstone president Steven M. Graziano said, "As market conditions continue to evolve, we see significant opportunities in the credit markets with many securities poised to benefit from capital appreciation and income generation."
Touchstone said it incorporates a sub-advisor model that offers investors access to institutional asset managers whose strategies are typically not available to average shareholders. The fund seeks to generate absolute returns by investing primarily in global debt securities, by identifying opportunities that are believed to offer attractive relative values when compared to their fundamental credit risk. Ares Management incorporates a flexible investment strategy with the capacity to reallocate assets among core investments and opportunistic investments as market conditions change. Broad investment categories include high yield bonds, bank loans, special situations, structured credit and hedges.
Touchstone Investments is a mutual fund company committed to providing investors with access to institutional asset managers who act in a sub-advisory capacity. Managed by sub-advisors with high conviction, concentrated portfolios, Touchstone's entire equity fund lineup is composed of high active share funds which means their holdings are highly differentiated from their benchmarks.
Ares Capital Management II LLC is the fund's sub-advisor. Parent company, Ares Management, L.P. (NYSE: ARES) is a publicly traded, leading global alternative asset manager with approximately USD88 billion of assets under management as of June 30, 2015 and more than 15 offices in the United States, Europe and Asia.
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