September 15, 2016
Nationwide Launches World Bond Fund
New fund adds to suite of global fixed income offerings
Columbus, OH - Nationwide is adding to its menu of global fixed income funds that will offer investors the opportunity to diversify their bond exposure with the Nationwide Amundi World Bond Fund that will launch today.
“The fixed income markets have become increasingly global, which offers investors the opportunity to combat home bias and generate returns beyond the United States,” said Mike Spangler, president of Nationwide Funds. “This fund will provide investors with diversification within their core bond exposure and an allocation that may anchor a portfolio during periods of market stress.”
The Nationwide Amundi World Bond Fund (Class A: NWWWX; Class C: NWXMX; Institutional Class: NWWYX; Institutional Service Class: NWWZX) invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. These securities may include U.S. government securities and foreign government bonds, as well as U.S. and foreign corporate bonds, mortgage-backed securities and asset-backed securities. The Fund normally invests in issuers located in at least five countries (of which one may be the United States) and may invest in both developed and emerging market countries. The investment objective for the Fund is to deliver total return.
The Fund is managed by P. Adrian Helfert and Jerome Barkate, CFA, who are responsible for the day-to-day portfolio management of the Fund.
This will be third Nationwide fund subadvised by Amundi Smith Breeden. Last November Nationwide launched the Nationwide Amundi Global High Yield and the Nationwide Amundi Strategic Income Fund.
Amundi Smith Breeden in Durham, N.C., serves as the North American investment headquarters for Amundi, a $1.24 trillion global asset manager with six investment centers across the U.S., Europe and Asia. Widely recognized for its 32-year commitment to developing proprietary fixed-income research, Amundi Smith Breeden provides investment solutions managing portfolios for corporate and public pensions, foundations, endowments, insurance companies, private banks and sovereign funds with some relationships extending more than 20 years.
“The Nationwide Amundi World Bond Fund offers investors a way to further diversify their portfolio away from concentrated U.S. duration exposure where the threat of rising rates continues to loom large,” said Spangler.
A strategic partner to advisors, Nationwide provides a full family of subadvised mutual funds designed to help meet the unique investment goals and risk tolerances of investors. Nationwide currently manages 116 funds with approximately $61 billion in assets, excluding fund of funds.
Investors interested in learning more about Nationwide’s mutual funds should contact their financial professional or click here. Financial professionals interested in learning more should call the Nationwide Funds Group sales desk at 877-877-5083, option 3, or visit the website.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.