Transamerica Launches New Emerging Markets Fund
Wellington Management to sub-advise
BALTIMORE, Jan. 30, 2020 /PRNewswire/ — Transamerica announces the launch of the Transamerica Emerging Markets Opportunities fund, now available to retail and institutional investors. Transamerica selected Wellington Management Company LLP to sub-advise the fund.
Transamerica Emerging Markets Opportunities (NASDAQ: TEOIX) fund offers investors a diversified approach to investing in a global emerging market portfolio of stocks with market capitalizations in excess of $3.5 billion. Portfolio allocations are generally expected to align closely with the sector weights of the MSCI Emerging Markets Index.
The Transamerica Emerging Markets Opportunities fund is the only stand-alone retail mutual fund managed to Wellington’s Emerging Markets Research Equity Core approach.
“We are thrilled to be launching this new Emerging Markets strategy with Wellington Management as the fund’s sub-adviser,” said Tom Wald, Chief Investment Officer for Transamerica Asset Management, Inc. “Transamerica chose Wellington as a result of our extensive sub-adviser selection process aimed at identifying best-in-class managers. Wellington has a long and successful history of managing emerging market equity portfolios and we are excited to be offering this investment strategy to investors.”
Transamerica Asset Management also utilizes Wellington Management’s single management strategies for its Transamerica Mid Cap Growth (NASDAQ: IMCGX) and Transamerica US Growth (NASDAQ: TDEIX) funds. Both funds have top decile* one-year performance as of December 31, 2019.
With the addition of the Transamerica Emerging Markets Opportunities fund, Transamerica Asset Management, Inc. expands its well-diversified array of mutual funds, variable annuity (insurance) funds, and exchange-traded funds (ETFs) across a wide range of asset classes and disciplines.
With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2018, Transamerica fulfilled its promises to customers, paying more than $42.6 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica’s corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2018, Aegon managed $920 billion in revenue generating investments. For more information, please visit www.transamerica.com.
About Transamerica Asset Management, Inc.
Transamerica Asset Management, Inc. is an SEC-registered investment adviser. The funds advised and sponsored by Transamerica Asset Management, Inc. include Transamerica Funds, Transamerica Series Trust and DeltaShares® exchange-traded funds. Transamerica Asset Management, Inc. has total assets under management of over $80 billion as of December 31, 2019, and is an indirect wholly owned subsidiary of Aegon N.V., an international life insurance, pension, and asset management company.