Products September 17, 2012

Nationwide Launches Inflation-Protected Securities Fund

Subadvised by Nationwide Asset Management, the fund aims to offer inflation protection as well as liquidity and a low-risk option.

Reported by

“Inflation-protected securities play a crucial role in lowering volatility in an investor’s long-term asset-allocation strategy,” said Michael Spangler, president of Nationwide Funds Group. “The Nationwide Inflation-Protected Securities Fund provides an additional hedge against future inflation without requiring investors to take on additional credit risk.”

The fund will also be available to the portfolio managers of the Nationwide Target Destination Funds, Nationwide’s family of target-date funds. The majority of the fund’s assets will be invested in Treasury inflation-protected securities (TIPS).

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

“This new fund broadens the reach of our product offerings and allows investors in our Target Destination Funds to achieve better volatility management,” Spangler said. “We feel investors will benefit from the additional diversification and potential protection from inflation they can achieve by investing in the Nationwide Inflation-Protected Securities Fund.”

Nationwide Funds, a company of Nationwide Insurance, manages 86 funds with $42 billion in assets.

Deals & People September 17, 2012

Westminster Consulting Names Powell Senior Legal Adviser

Diana K. Powell has joined Westminster Consulting as its senior legal adviser.
Reported by

She will be responsible for governance reviews and ensuring that clients remain compliant with the laws and regulations of the Employee Retirement Income Security Act (ERISA). Previously, she was a sole practitioner who advised educational organizations, government bodies and private corporations. Powell was responsible for negotiating agreements for high-tech software corporations and contracts involving intellectual property issues.

Powell has concentrated on matters involving interpreting government regulations, and defining and interpreting copyright issues. She has successfully led a number of boards.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Powell holds a bachelor’s degree in political science from the University of Rochester and a law degree from the Albany Law School of Union University. She holds a certificate of international law from the University of Notre Dame, London Law Center, and has studied negotiations, mediation and arbitration at Cornell University’s School of Industrial Labor Relations, as well as statistics and international studies, specializing in the Republic of China, and educational policy and research methods at the Warner School of Education at the University of Rochester.

 

«