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Touchstone Investments Completes Purchase of Select AIG Funds

Touchstone Investments •
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Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, completed its acquisition of select assets of AIG Life & Retirement’s Retail Mutual Funds business on July 16. AIG Life & Retirement is a division of American International Group, Inc. (NYSE: AIG). The planned acquisition was announced in February.

“We welcome AIG Fund shareholders and their financial professionals to the Touchstone family. This acquisition reflects Touchstone’s continued commitment to providing access to best-in-class institutional asset managers to a wide range of investors through our mutual funds,” said Blake Moore, president and chief executive officer of Touchstone Investments. “In addition to significantly increasing our assets under management, we are now offering two new funds that we believe are important to investors and Touchstone.” 

AIG Funds, with assets totaling $6.8 billion, were reorganized and merged into either existing or newly created Touchstone funds, which brings Touchstone’s fund lineup to 32 funds with assets under management to $35.9 billion.

AIG FUND

EXISTING TOUCHSTONE FUND

AIG Focused Alpha Large-Cap Fund  Touchstone Large Cap Focused Fund
AIG Focused Growth Fund Touchstone Sands Capital Select Growth Fund
AIG Multi-Asset Allocation Fund Touchstone Balanced Fund
AIG Active Allocation Fund

Touchstone Balanced Fund

AIG Strategic Value Fund Touchstone Value Fund
AIG Senior Floating Rate Fund Touchstone Credit Opportunities Fund
AIG U.S. Government Securities Fund Touchstone Active Bond Fund
AIG International Dividend Strategy Fund

Touchstone International Equity Fund

 

AIG FUND NEWLY CREATED TOUCHSTONE FUND
AIG Focused Dividend Strategy Fund Touchstone Dividend Equity Fund
AIG Select Dividend Growth Fund Touchstone Dividend Equity Fund
AIG Strategic Bond Fund Touchstone Strategic Income Opportunities Fund
AIG Flexible Credit Fund Touchstone Strategic Income Opportunities Fund

 

Fort Washington Investment Advisors, Inc., a wholly owned subsidiary of Western & Southern Financial Group, serves as sub-advisor to the newly created Touchstone Dividend Equity Fund and Touchstone Strategic Income Opportunities Fund. The acquisition will raise Fort Washington’s assets under management to $78.5 billion. Each newly created Touchstone fund will employ established strategies that Fort Washington offers to its institutional clients. The existing Touchstone funds involved in the reorganizations will continue to be sub-advised by Fort Washington, Ares Capital Management II LLC, Barrow, Hanley, Mewhinney & Strauss, and Sands Capital Management, as applicable.   

Moore added that he believes strongly in the value that financial professionals provide to individuals, families, corporations and others. As such, Touchstone distributes its funds through third-party intermediaries like registered investment advisors, private banks and consultants, as well as through financial professionals at national, regional and independent broker-dealers. 

J.P. Morgan Securities LLC and K&L Gates LLP advised Touchstone Advisors, Inc. and Western & Southern Financial Group on the transaction. Piper Sandler & Co. and Willkie Farr & Gallagher LLP advised AIG on the transaction.

Important Disclosures

Please consider the investment objectives, risks, charges and expenses of each Fund carefully before investing. The prospectus and the summary prospectus contain this and other information about each Fund. To obtain a prospectus or a summary prospectus for Touchstone Funds, contact your financial advisor or download and/or request one at TouchstoneInvestments.com/Resources or call Touchstone at 800-638-8194. Please read the prospectus and/or summary prospectus carefully before investing.


Financial Professionals Contact:
Sharon Karp
Touchstone Investments
513-362-8026
sharon.karp@touchstonefunds.com

Media Contact:
José Marques
Western & Southern Financial Group
513-629-1488
jose.marques@westernsouthern.com

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. All investing involves risk.

Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the Fund. To obtain a prospectus or a summary prospectus, contact your financial professional or download and/or request one on the resources section or call Touchstone at 800-638-8194. Please read the prospectus and/or summary prospectus carefully before investing.

Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC.

Not FDIC Insured | No Bank Guarantee | May Lose Value