Products February 9, 2010
Transamerica to Offer Diversified Growth Strategy to Retail Investors
Transamerica Asset Management Group has teamed up with Wellington
Management to offer the Transamerica WMC Diversified Growth fund to
retail investors in April.
Reported by Rebecca Moore
Transamerica Capital Management will lead the distribution effort for the offering within the financial institution, wirehouse, and independent planner channels.
According to an announcement, the Transamerica WMC Diversified Growth fund is the only U.S. mutual fund to utilize Wellington Management’s diversified growth strategy as its sole investment mandate. Since its inception, the strategy has amassed $6.5 billion in assets under management as of December 31.
The fund will be sub-advised by Wellington Management Company, LLP. Paul E. Marrkand, senior vice president, will lead the fund’s three-person portfolio management team.