Nationwide Funds Group has launched a new mutual fund. The Nationwide Alternatives Allocation Fund will offer investors a strategic, diversified and lower-cost approach to investing in alternative asset classes.
The fund, which was formed to help investors manage overall portfolio risk with one fund, is subadvised by Goldman Sachs Asset Management. The fund will look to offer total return by passively investing in a professionally selected pool of seven alternative asset classes.
Click here for the release from Business Wire.
