Transamerica Asset Management Group announced today the company will launch Transamerica Global Tactical Income ("the Fund') in October 2011. The Fund will be sub-advised by AEGON USA Investment Management, LLC ("AUIM") and will be available to retail and institutional investors through A, C and I share classes.
The Fund seeks to provide investors with high current income, with capital appreciation as a secondary objective. The Fund will employ a diversified, multiple asset class approach, investing in exchange-traded funds ("ETF's") providing underlying exposure to:
- High Yield Bonds
- Non-US (including Emerging Markets) Debt
- Dividend-paying Stocks
- Preferred Stocks
- Master Limited Partnerships (MLPs)
- Real Estate Investment Trusts (REITs)
- International Real Estate
- International Equities
- U.S. Corporate Bonds
- U.S. Government Bonds
- Treasury Inflation Protected Securities (TIPS)
"Transamerica Global Tactical Income provides investors a complement to their current base of core savings solutions," stated John K. Carter, President and CEO of the Fund's investment adviser, Transamerica Asset Management, Inc. "Today's investors are seeking investment solutions that are not solely correlated to the returns of the equity markets and that are able to generate reliable patterns of income. We believe this Fund will help investors meet their income and capital appreciation needs not only today, but as they enter retirement."
The asset allocation strategy AUIM will employ leverages a proprietary econometric model that evaluates certain economic indicators to assess when investment opportunities are optimal, while limiting volatility and seeking the highest income yielding ETF investments available. Using ETF's managed by such well-known institutions as Vanguard, Blackrock (iShares) and State Street (SPDRs), Transamerica Global Tactical Income is able to invest in highly diversified, low cost investment vehicles.
Jeff Whitehead, CFA will lead the portfolio management team responsible for the Fund's strategy. Since April 1989, AEGON USA Investment Management has managed a broad range of assets for investors. The firm managed approximately $114 Billion in assets, as of June 30, 2011, with over $1.7 Billion managed in asset allocation strategies.
Transamerica Capital, Inc. will lead the sales and distribution effort within the financial institution, wirehouse, and independent financial planner channels. Investors interested in learning more about Transamerica Global Tactical Income should call the customer care group at 888-233-4339. Financial professionals interested in learning more should call the Transamerica sales desk at 800-851-7555.
Please consider the Fund's investment objectives, risks, charges and expenses carefully before investing.The prospectus contains this and other information about the fund and should be read carefully before you invest.To obtain a prospectus and/or summary prospectus or for other information on Transamerica Funds, contact your financial professional or Transamerica Funds at 888-233-4339 or visit our web site: transamericafunds.com.
Tactical asset allocation is a portfolio strategy that attempts to take advantage of market highs and lows. The selection of a Tactical Asset Allocation portfolio will not guarantee a profit nor protect against a loss. ETF's generally present the same risks as an investment in a conventional fund that has the same investment objectives, strategies, and policies. The market price of an ETF's shares may be above or below the shares' net asset value; and an active trading market for an ETF's share may not develop or be maintained.
About Transamerica Asset Management Group
Transamerica Asset Management Group consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, Inc., and Transamerica Asset Management, Inc. Transamerica Asset Management, Inc., a registered investment advisor, is an AEGON company. As of June 30, 2011, Transamerica Asset Management, Inc. had approximately $51.2 billion in assets under management.
About Transamerica Capital, Inc.
Transamerica Capital, Inc. is the underwriting and wholesaling broker-dealer for mutual funds advised by Transamerica Asset Management, Inc. Transamerica Capital, Inc., an AEGON company, works with financial professionals at wirehouse, regional, independent, and bank firms to provide a variety of investment solutions.
About AEGON N.V.
AEGON N.V., based in The Hague, The Netherlands, is an international life insurance, pension and investment company with businesses in over 20 markets in the Americas, Europe and Asia. AEGON companies employ approximately 27,000 people and have over 40 million customers across the globe. For more information about AEGON, visit www.aegon.com.
About AEGON USA Investment Management, LLC
AEGON USA Investment Management, LLC is an institutional fixed income manager with global resources and the ability to leverage expertise across the geographically diverse organization. AEGON USA Investment Management, LLC, an AEGON company, is an SEC registered investment advisor with over 500 employees and manages over $114 billion for investors, as of June 30, 2011.
Contacts:
Transamerica Asset Management, Inc.
John K. Carter,
727-299-1824
President & Chief Executive Officer