Transamerica, an American private holding company, has extended its mutual fund business with the launch of its sixth new fund, Transamerica Mid Cap Value Opportunities (MCVAX, MCVCX, MVTIX), in 2014.
The latest fund is aimed at providing long-term capital growth for the investors, with the fund’s sub-adviser – Thompson, Siegel & Walmsley (TS&W) – keen to invest in mid-cap companies.
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To be available to retail and institutional investors through Class A, C, and I shares, Transamerica Capital is expected to undertake the sales and distribution operations through channels, including financial institutions, wirehouses and independent financial planner channels.
In addition, Transamerica has also revived its existing mutual fund and subaccount offerings driven by the fixed income sleeve of Transamerica Multi-Managed Balanced shifting to Aegon USA Investment Management from BlackRock Financial Management and changes in variable annuity subaccount management.
Transamerica Capital CEO Dave Paulsen said that the company is restructuring product offerings that draw on its core competencies of asset allocation, manager and strategy selection, as well as distribution.
"Our goal is to implement a model that leverages these strengths consistently across the combined fund family, and is in the best interest of our customers," added Paulsen.
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By GlobalDataTransamerica has commenced product enhancement program over an year ago, with the company’s mutual fund offering mainly operating through sub-advisory relationships with other asset managers.
