Touchstone has much to be thankful for going into the holidays next week with a special three-year anniversary for five of its funds. The quintuplets, all launched on Sept. 30, 2009, are commemorating their three-year streak of four- and five-star Morningstar ratings.
The funds that received five stars include the Touchstone Emerging Markets Equity Fund (TEMYX) and the Touchstone Small Cap Core (TSFYX) in the Diversified Emerging Markets and Small Bland categories, respectively. Emerging Markets Equity also received five stars among 354 funds, while Small Cap Core received five stars among 597 funds.
The four-star rated funds are the Touchstone Global Real Estate Fund, the Touchstone International Fixed Income Fund and the the Touchstone Mid Cap Value Fund. Global Real Estate received four stars in the Global Real Estate category and among 155 funds; International Fixed Income in the World Bond category and among 249 funds; and Mid Cap Value in the Mid-Cap Value category and among 347 funds. Twelve other Touchstone funds besides the 2009 funds also received four- or five-star Morningstar ratings.
In a company press release, president Steven Graziano said the high ratings pose an important milestone for Touchstone. "Touchstone launched these funds during the stormiest market conditions in recent memory. Our selection process and ability to locate expert institutional asset managers has been validated with the funds' inaugural Morningstar ratings," he said.
