Touchstone Investments has appointed Westfield Capital Management as the sole sub-advisor of the Touchstone Mid Cap Growth Fund. Previously, Westfield managed 60% of the fund’s assets, while TCW Investment Management managed the remaining 40% assets. The appointment will be effective from Feb. 23, 2011. Shifting the fund to a single sub-advisor will result in a reduction in the fund expenses and the management fees, which will be effective from March 1, 2011.
Click here for the release from PR Newswire.