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The London Company is new sub-advisor of Touchstone Mid Cap Fund


Touchstone Investments, a mutual fund company providing access to well-known and respected institutional asset managers through extensive sub-advisory relationships, has named the London Company (TLC) as the new sub-advisor to the Touchstone Mid Cap Fund (the Fund) effective 8 December. The firm also serves as the sub-advisor to the Touchstone Small Cap Core Fund, which launched in September 2009, and has USD220 million in assets.

"We are pleased to expand our relationship with TLC to manage the Touchstone Mid Cap Fund, delivering an experienced investment team and a strategy that we believe will lead to the Fund’s continued success," says Steven M Graziano, president of Touchstone Investments. "Our comprehensive approach to selecting and monitoring our sub-advisors is the cornerstone of our company, and we seek to maximise performance over the long term by delivering exceptional insight and experience to our investors."

The Fund invests, under normal market conditions, at least 80 per cent of its assets in common stocks of medium capitalisation US listed companies. TLC will seek to purchase financially stable mid cap companies that it believes are consistently generating high returns on unleveraged operating capital, run by shareholder-oriented management, and trading at a discount to their respective private market values. The mid cap portfolio will seek to hold approximately 30-40 well-managed, highly profitable, predictable franchises, while providing an optimal risk-reward benefit to the investor.

TLC replaces Turner Investment Partners Inc as sub-advisor of the Fund.

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