Nationwide Funds to Introduce NextSharesTM Exchange-Traded Managed Funds
November 30, 2016
Columbus, OH - Nationwide Funds has entered into a preliminary agreement with NextShares Solutions LLC (NextShares Solutions), a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance), to support the launch by Nationwide Funds of a family of NextShares™ exchange-traded managed funds.
“Nationwide Funds is committed to providing our investors with innovative and cost-effective products,” said 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, an innovative way to invest in actively managed strategies, 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 LLC earlier this year.
"We’re proud to add Nationwide Funds as a NextShares partner," said Stephen W. Clarke, president of NextShares Solutions. "We’re pleased to expand the distribution of NextShares to Nationwide Funds investors."
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.
About NextShares Solutions and Eaton Vance
NextShares Solutions is a wholly owned subsidiary of Eaton Vance, formed to develop and commercialize NextShares. Aspects of the operation of NextShares are protected intellectual property owned by NextShares Solutions. For more information, visit nextshares.com.
Eaton Vance (NYSE: EV) is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $336.4 billion in assets as of October 31, 2016, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information, visit eatonvance.com.
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.