Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets.

UBS Global Asset Management will remain affiliated with the funds as their subadviser but the funds’ existing assets, performance histories and risk profiles have carried over to the Nationwide funds. The Class A Shares of the Nationwide High Yield Fund and Nationwide Global Equity Fund will see their annual expense ratios dip from 120 basis points to 110 bps and from 150 bps to 130 bps, respectively.

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