Upon approval of Constellation's shareholders, Touchstone will become the advisor to all of its funds, and eventually those funds will be marketed under the Touchstone brand.
"The addition of Constellation Funds increases the range of funds we offer and fills the gaps in our current lineup with expert managers who have strong, long-term performance records," said James Grifo, president of Touchstone. "Beyond that, Constellation adds distribution channels that complement our existing relationships, so strategically, it's an ideal fit." Touchstone funds are distributed through broker/dealers, while Constellation funds are sold through registered investment advisors, private banks and 401(k)s.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
