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DENVER, May 5, 2014 /PRNewswire/ --
Transamerica announced more product changes today as it continues to enhance its mutual fund and subaccount offerings. The firm is adding its sixth new fund this year and making sub-advisory changes to various mutual funds and variable annuity subaccounts.
Transamerica's mutual fund business operates primarily through sub-advisory relationships with other asset managers. Based on this structure, the firm began a product enhancement effort over a year ago in order to offer a more competitive and cohesive fund lineup.
Dave Paulsen, Chief Executive Officer of Transamerica Capital, Inc., states, "We are constructing product offerings that draw on our core competencies of asset allocation, manager and strategy selection, as well as distribution. Our goal is to implement a model that leverages these strengths consistently across the combined fund family, and is in the best interest of our customers."
The newest fund addition is Transamerica Mid Cap Value Opportunities (MCVAX, MCVCX, MVTIX), designed to provide investors with long-term capital growth. The fund's sub-adviser, Thompson, Siegel & Walmsley, LLC (TS&W), seeks to invest in mid-cap companies it believes are intrinsically undervalued.
The new fund will be available to retail and institutional investors through Class A, C, and I shares. Transamerica Capital, Inc. will lead the sales and distribution efforts within the financial institution, wirehouse and independent financial planner channels.
The list of sub-adviser changes are highlighted by the fixed income sleeve of Transamerica Multi-Managed Balanced moving from BlackRock Financial Management, Inc. to Aegon USA Investment Management, LLC (AUIM) and additional variable annuity subaccount management changes.
Investors interested in learning more should call the Transamerica customer care group at 888-233-4339. Financial professionals interested in learning more should call the Transamerica sales desk at 800-851-7555.
Mutual funds are offered by prospectus only. 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. For more information
About Transamerica Asset Management
Transamerica Asset Management (TAM) is the asset management business unit of Transamerica. TAM consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, Inc., and Transamerica Asset Management, Inc., a registered investment advisor. TAM managed more than $65.6 billion in assets as of12/31/2013. TAM and its affiliate companies are wholly owned by Aegon N.V., an international life insurance, pension and asset management company.
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.
With a history that dates back over 100 years, the Transamerica companies are recognized as leading providers of life insurance, savings and retirement and investment solutions, serving millions of customers throughout the United States and Canada.
Transamerica works to Transform Tomorrow® for those who entrust its dedicated professionals with their financial needs, helping them take the necessary steps to achieve their long-term goals and aspirations. Transamerica's 10,000 employees serve nearly every customer segment, providing a broad range of quality life insurance and savings products, individual and group pension plans, as well as asset management services. In 2013, Transamerica fulfilled its promises to customers, paying over of $6.5 billion in benefit claims, including return of premiums paid.
Transamerica's corporate headquarters are based in Cedar Rapids, Iowa and Baltimore, Maryland. Transamerica is a member of the Aegon group of companies. Aegon is one of the world's largest life insurance, pension and asset management groups, operating in over 25 markets worldwide with some 26,000 employees. For the full year 2013, Aegon managed €475 billion in revenue generating investments.
Brenna Miller Communications Manager
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