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Nationwide Funds to launch NextShares exchange-traded managed funds


Nationwide Funds has entered into a preliminary agreement with NextShares Solutions, a wholly owned subsidiary of Eaton Vance, to support the launch of a family of NextShares exchange-traded managed funds.

"Nationwide Funds is committed to providing our investors with innovative and cost-effective products," says Mike Spangler, president of Nationwide Funds. "We are excited to offer the efficient structure of NextShares as yet another investment option we intend to provide to advisors and their clients."
NextShares offer the potential for benchmark-beating returns by applying their manager's proprietary investment research. As exchange-traded products, NextShares may offer cost and tax efficiencies that can enhance shareholder returns. The first NextShares funds began trading on the Nasdaq Stock Market earlier this year. 
"We're proud to add Nationwide Funds as a NextShares partner," says Stephen W Clarke, president of NextShares Solutions. "We're pleased to expand the distribution of NextShares to Nationwide Funds investors."
Nationwide provides a full family of sub-advised mutual funds designed to help meet the unique investment goals and risk tolerances of investors. Nationwide currently manages 116 funds with approximately USD61 billion in assets, excluding fund of funds.

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