On June 10, 2016, Touchstone Advisers Inc. entered into an agreement to acquire assets of United States mutual funds managed by DSM Capital Partners LLC.
Touchstone Advisers Inc. (“Touchstone”) will be adding DSM Capital Partners LLC (“DSM”) as a sub-advisor and will also acquire approximately $208 million in DSM’s mutual fund assets. Upon DSM shareholder approval, the DSM Large Cap Growth Fund will be reorganized into the Touchstone Large Company Growth Fund, and each of the DSM Global Growth Fund and the DSM Global Growth & Income Fund will be reorganized into the Touchstone Global Growth Fund. The reorganization will create a new share of classes for the fund and is expected to be completed later this summer.
Touchstone, a subsidiary of Western & Southern Financial Group, is a mutual fund company focusing on connecting investors with institutional asset managers acting in sub-advisory capacity. As of March 31, 2016, Touchstone had approximately $15.8 billion in assets under management.
DSM, founded in Florida in 2011, is an investment advisor to a family of funds. As of June 10, 2016, DSM has over $7 billion in assets under management.
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