The Touchstone Funds Group is dumping six funds that its Board of Trustees deems to small and redundant.

According to a the firm, the Touchstone Emerging Growth Fund, Touchstone Global Equity Fund, Touchstone International Equity Fund, Touchstone Large Cap Relative Value Fund, Touchstone Market Neutral Equity Fund and Touchstone U.S. Long/Short Fund will be liquidated because of “their limited scale and growth potential, and the redundancy of certain investment strategies.” Each fund will be closed on March 26,.

Also, the Touchstone Focused Equity Fund will merge into the Touchtone Focused Fund, and pending shareholder approval, the Touchstone Short Duration Fixed Income Fund will merge into the Touchstone Ultra Short Duration Fixed Income Fund. A special shareholder meeting for voting on the Touchstone Short Duration Fixed Income Fund merger is expected to occur on May 13.

And the Touchstone Micro Cap Value Fund will change its strategy and concurrently be renamed Touchstone Small Cap Growth Fund. Apex Capital Management will be the fund’s sub-advisor, effective April 26. Touchstone has also approved Russell Implementation Services as the interim sub-advisor to the Touchstone Global Real Estate Fund, effective Feb. 22.

Touchstone oversees $14.8 billion in assets under management as of Dec. 31, 2012.

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.