Touchstone Investments Inc., a New Jersey corporation, announced the acquisition of Vanguard mutual funds, previously managed by an affiliate of National Life Insurance Company. Touchstone’s purchase of these funds adds to the company’s existing portfolio of over forty funds managed by Vanguard. The addition of these additional funds and the assets under management increase the total fund line of Touchstone’s portfolio to over $19 billion and brings its total investment portfolio to more than $40 billion. To be Continued.
Touchstone Investments is well known in the investment community for its emphasis on diversifying and protecting its portfolio from market fluctuations. In addition to its holdings in Vanguard, Touchstone maintains a substantial portfolio of other equity and fixed income investments. Touchstone was established in 2020 and has been aggressively expanding its investment portfolio as well as making acquisitions to improve its overall financial condition and portfolio structure. It is expected to continue to make acquisitions to protect its position as the premier provider of high-quality, diversified funds.
One of the most important reasons for acquiring Vanguard is that Touchstone has the ability to leverage its funds with funds managed by other large, diversified asset managers, such as Fidelity Investments, Vanguard, and TIAA-CREF. Touchstone’s investment team has the ability to provide a wide range of services for its mutual fund investors, including the ability to diversify, manage individual portfolios, and reduce risk in their investments.
Touchstone’s decision to add Vanguard funds to its portfolio is part of a plan to enhance its overall portfolio by purchasing and managing additional asset portfolios. In addition to increasing its investment portfolio, Touchstone hopes to increase its return on investment. As a result, the company will need to expand the size of its management team, which may be difficult for small, start-up firms.
To grow its mutual fund portfolio, Touchstone plans to add funds managed by Fidelity Investments and Vanguard. Vanguard funds are diversified across various asset classes, including equities, bonds, real estate, and money market. Both Vanguard funds and Touchstone funds are considered to be among the highest performing in the United States. Vanguard funds are well suited to protect portfolios against market volatility.
In addition to Vanguard funds, Touchstone plans to acquire funds managed by other large, diversified asset managers. Touchstone intends to purchase funds from Fidelity and TIAA-CRREF. to bolster its overall investment portfolio. The purchase of these funds will increase the total investment portfolio size, improve diversification, and enable Touchstone to take advantage of better rates of return on its investments.