Touchstone Investments has launched the Touchstone Credit Opportunities Fund in an effort to take advantage of market inefficiencies and relative value opportunities in the global fixed-income market. Ares Capital Management II will sub-advise the Fund.
"We are thrilled to include this dynamic portfolio in our fund family and to have the deeply experienced Ares Management team managing the Fund," says Steven M Graziano (pictured), President of Touchstone Investments. "As market conditions continue to evolve, we see significant opportunities in the credit markets with many securities poised to benefit from capital appreciation and income generation."
Touchstone incorporates a sub-advisor model that offers investors access to institutional asset managers whose strategies are typically not available to average shareholders.
The Fund seeks to generate absolute returns by investing primarily in global debt securities, by identifying opportunities that are believed to offer attractive relative values when compared to their fundamental credit risk. Ares Management incorporates a flexible investment strategy with the capacity to reallocate assets among core investments and opportunistic investments as market conditions change. Broad investment categories include high yield bonds, bank loans, special situations, structured credit and hedges.
Management of the Touchstone Credit Opportunities Fund is led by Ares Management's Seth Brufsky, John Leupp and Darryl Schall, investment professionals with an average of more than 25 years of financial experience. Shares of the Fund are offered as A Shares (Symbol: TCOAX), C Shares (TOCCX), Y Shares (TCOYX), and Institutional Shares (TOCIX).
"Since our firm's inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering attractive risk-adjusted investment returns throughout market cycles," says Seth Brufsky, Partner and Portfolio Manager in the Ares Management Tradable Credit Group. "We look forward to serving investors seeking exposure to credit markets and are excited to partner with Touchstone and continue our demonstrated presence in this market segment."