ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Transamerica Asset Management Group announced today the company will launch Transamerica Logan Circle Emerging Markets Debt (“the Fund’) in August 2011. The Fund will be sub-advised by Logan Circle Partners, LP (“Logan Circle”) and will be available to retail and institutional investors through A, C, I and I2 share classes.
“We wanted to offer investors a fund that can capitalize on the economic momentum of the developing world by accessing the global opportunity set. It will have the ability to invest in local currency markets where higher real rates can lead to continued currency appreciation,” stated John K. Carter, Transamerica Asset Management, Inc.’s President and CEO. “The fund will also look to the corporate sector as it capitalizes on shifting demand trends and the emerging middle class. We believe the results of this strategy offer attractive yield characteristics and provide a diversified source of income outside of the developed market.”
Logan Circle believes that, at times, the fixed income markets misprice securities that are exposed to credit, country and currency risk. In seeking to exploit these inefficiencies and provide shareholders with consistent excess return opportunities, Logan Circle utilizes their research teams to: generate returns from credit, country, and currency exposure; focus on global relative value across the credit spectrum; utilize both U.S. Dollar and non-dollar securities; and construct the portfolio with attractive risk/reward characteristics. Currently, the Logan Circle Emerging Markets Fixed Income strategy:
- Can invest in up to 40 different markets with varying exposure in Asia, the Middle East, Africa, Latin America, Europe and North America.
- Measures an approximate duration of 5.5 years.
- Averages a yield to maturity of 7.7%.
- Holds approximately 60% of assets in investment grade bonds.
Scott J. Moses, CFA and A. Todd Howard, CFA will lead the portfolio management team responsible for the Fund’s strategy. Logan Circle Partners, LP is a boutique bond manager and prior to November 1, 2007, the portfolio managers were part of Delaware Investments. The firm manages $12.5 billion in assets, as of March 31, 2011, with over $500 million managed within the emerging markets fixed income strategy.
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 Logan Circle Emerging Markets Debt 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.
Mutual funds are subject to market risk, including the loss of principal. The risks of investing in foreign securities are magnified in emerging markets. These may include risks related to market and currency volatility, adverse social and political developments, and the relatively small size and lesser liquidity of these markets. Debt investing is subject to credit risk, inflation risk, and interest rate risk. Credit risk is the risk that the issuer of a bond won’t meet their payments. Inflation risk is the risk that inflation could outpace a bond’s interest income. Interest rate risk is the risk that fluctuations in interest rates will affect the price of a bond.
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 May 31, 2011, Transamerica Asset Management, Inc. had approximately $51.7 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 Logan Circle Partners, L.P.
Logan Circle Partners, L.P. is a leading fixed income investment manager with approximately $12.5 billion in assets under management as of March 31, 2011. Logan Circle offers traditional and alternative fixed income investment products and was purchased by Fortress Investment Group LLC in April 2010. Logan Circle Partners, LP is not affiliated with Transamerica and its affiliates. Logan Circle Partners, LP does not act in a capacity of an advisor to individual investors.