Investment Products and Services Launches

MFS adds R6 Shares to 20 more mutual funds; T. Rowe Price releases High Yield Fund; Vanguard announces latest fund expense changes; and more.

By Javier Simon | June 01, 2017
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Nationwide Launches All Cap Growth Fund

The Nationwide Loomis All Cap Growth Fund will seek long-term growth and may invest across sectors, industries and market capitalization. It will be subadvised by Boston-based Loomis, Sayles & Company; and managed by Aziz Hamzaogullari, head of the growth equities strategy team at Loomis Sayles.

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 has the flexibility to add names of any market capitalization in an attempt to exploit optimal opportunities in growth.

"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," says 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."

This is the second fund launched by Nationwide this year. In January, it released the Nationwide International Small Cap Fund. This fund offers investors the opportunity to diversify their international equity exposure with the objective of providing long-term capital growth.

NEXT: MFS Adds R6 Shares to 20 More Mutual Funds