New York (PRWEB) March 22, 2007
Transamerica IDEX Mutual Funds, a leading provider of multi-manager fund solutions for financial professionals and their clients, was named Best Mixed-Asset Fund Family at last night's 2007 U.S. Lipper Fund Awards in New York City.
Transamerica IDEX's Mixed-Asset mutual funds -- combining stock and bond investments -- competed in a universe of 23 Small Fund Families, defined as having less than $23.5 billion in assets under management. The fund company won top honors for what Lipper cited as "consistently strong risk-adjusted performance relative to peers" for the three-year period ended December 31, 2006.
Transamerica IDEX had six eligible funds in Lipper's Mixed-Asset asset class: TA IDEX Asset Allocation -- Conservative Portfolio, TA IDEX Asset Allocation -- Moderate Portfolio, TA IDEX Asset Allocation -- Moderate Growth Portfolio, TA IDEX Transamerica Balanced, TA IDEX Transamerica Value Balanced, and TA IDEX Transamerica Convertible Securities.
"This is a terrific honor for us and a resounding confirmation of the values behind these six funds and the rest of our fund family," said John K. Carter, Transamerica IDEX President and Chief Executive Officer. "Our core values are innovation, discipline, and expertise -- all of which can lead to consistently strong risk-adjusted performance relative to peers."
The Transamerica IDEX family of mutual funds includes: four Asset Allocation Portfolios with strategic allocation, fund selection, and portfolio construction by Morningstar Associates, LLC; the TA IDEX Multi-Manager International Fund and TA IDEX Multi-Manager Alternative Strategies Fund with portfolio construction by Morningstar Associates, LLC; and funds sub-advised by Transamerica Investment Management, LLC, an affiliated company. Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., is the portfolio construction manager to the asset allocation and multi-manager funds.
Transamerica IDEX took home top honors for delivering consistently strong aggregate risk-adjusted performance, based on Lipper's Consistent Return measure. According to Lipper, Consistent Return "is a quantitative metric that incorporates two characteristics: risk-adjusted return and the strength of a fund's performance trend."
The Lipper award was the most recent prize for Transamerica IDEX. In January 2007, the fund company was a winner of the 2006 DALBAR Customer Service Award. It was the fourth consecutive year Transamerica IDEX won top honors in DALBAR's Mutual Fund Division.
About Transamerica IDEX Mutual Funds
Transamerica IDEX, an AEGON company, has provided multi-manager mutual funds to financial professionals and their clients since 1985. The fund company uses outside firms, as well as affiliated firms, as sub-advisers in the management of its funds. Transamerica IDEX has more than $10 billion in assets under management and is headquartered in St. Petersburg, Florida. For more information, please visit the company's web site at http://www.TransamericaIDEX.com.
AEGON is one of the world's largest life insurance and pension companies, and a provider of investment products. The company empowers its local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation.
With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 27,000 people. AEGON's established markets include the United States, the Netherlands and the United Kingdom. In addition, AEGON is present in more than 20 other markets in the Americas, Europe, and Asia.
Respect, quality, transparency, and trust constitute AEGON's core values as the company continually strives to meet the expectations of customers, shareholders, employees, and business partners. AEGON is driven to deliver new thinking and has ambition to be the best in the industry.
About Transamerica Investment Management, LLC
Transamerica Investment Management ("TIM"), an AEGON company, is a leading asset management firm serving both retail and institutional clients. Its predecessor firm, Transamerica Investment Services, Inc. started in 1967 and TIM was formed in 1999. TIM's investment strategies include growth and value equity, fixed income, balanced and convertible securities. As of December 31, 2006, TIM managed more than $23.4 billion in equity and fixed-income assets in mutual funds, funds-of-funds, retirement plans, separately managed accounts, institutional accounts, pension funds, and variable insurance accounts.
Investors should carefully consider the investment objectives, risks, charges, and expenses associated with mutual funds before investing. The prospectus contains this and additional important information about the funds. Contact your financial professional or call Transamerica IDEX at 1-888-233-4339 for a prospectus, and read it carefully before investing.
Past performance does not guarantee future results. Mutual funds are subject to market risk, including the loss of principal.
Transamerica IDEX Mutual Funds are distributed by AFSG Securities Corporation
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