The Nationwide Fund (NWFAX) is firing two sub-advisors and hiring another one to take their place.

On March 28, the Board of Trustees of Nationwide Mutual Funds approved the termination of Aberdeen Asset Management, and Diamond Hill Capital Management as sub-advisors to the Nationwide Fund, to be replaced by HighMark Capital Management, effective June 17, according to a filing.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.