Denver-based Transamerica IDEX Mutual Funds group has shortened its name to Transamerica Funds, as it now resides within the larger Transamerica Asset Management Group, under insurance company parent Aegon. Plans are underway to identify and potentially merge redundant or overlapping funds, expand distribution efforts, craft retirement income-based solutions, strengthen the Transamerica brand and build the firm into a future top-tier investment group.
For Transamerica, the transformation began in 2006 when the group closed several of its funds to new investors and reconfigured some into new asset allocation fund-of-funds with Morningstar Associates as the portfolio allocation manager. The fund-of-funds use multiple firms as the underlying day-to-day managers. That multi-manager approach has been a staple discipline of Transamerica's mutual funds since their debut 22 years ago.