Barings Mutual Funds now consolidated with MassMutual Funds
SPRINGFIELD, Mass .– (COMMERCIAL THREAD) – Massachusetts Mutual Life Insurance Company (MassMutual) today announced that the consolidation of Barings mutual funds with MassMutual Funds1 on MassMutual’s investments2 the platform announced earlier this year has been approved by the fund’s shareholders, and the funds have been transferred successfully.
âWe are excited about the opportunity to meet client needs with comprehensive solutions through the combination of these leading investment offerings and market capabilities,â said Mike Fanning, director of MassMutual US. âUltimately, this consolidation aligns firmly with our commitment to providing unique, attractive and focused investment products that deliver superior long-term results. ”
While Barings will continue to offer innovative alternative solutions directly to wealth advisers and clients, fund consolidation allows its clients to access a wider range of under-advised investment solutions designed to help achieve long-term financial goals on a journey from building wealth to comfortable retirement.
With the closing of the transaction, approximately $ 2.0 billion3 in Barings Funds was added to MassMutual Funds, which together represent approximately $ 61.2 billion in total assets in 115 funds. Barings continues to manage all six investment strategies as a sub-advisor, leveraging the $ 4.7 billion currently sub-advisers for MassMutual Funds.
“Our clients are increasingly looking beyond core investment products to new, differentiated offerings that help them achieve their investment goals, and this consolidation strengthens our ability to meet that need,” Fanning concluded. .
MassMutual is a leading mutual life insurance company managed for the benefit of its members and participating policyholders. Founded in 1851, the company has always been guided by one constant goal: to help people secure their future and protect those they love. With a focus on long-term value creation, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
Barings represents more than 387 billion dollars 3 a global investment manager who seeks differentiated opportunities and builds long-term portfolios in the public and private fixed income, real estate and specialty equity markets. With investment professionals based in North America, Europe and Asia-Pacific, the company, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to adopting sustainable practices and responsible investment. Learn more at www.barings.com.
1The following MassMutual Funds are distributed by ALPS Distributors, Inc. (ADI): Emerging Markets Debt Blended Total Return Fund, Global Credit Income Opportunities Fund, Global Emerging Markets Equity Fund, Global Floating Rate Fund, High Yield Fund and Short Duration Bond Fund. MML Distributors, LLC (MMLD) serves as the exclusive wholesale marketing agent for these Funds, as well as the distributor for all other MassMutual Funds. Investment advisory services are provided to all Funds by MML Investment Advisers, LLC (MML Investment Advisers). MMLD and MML Investment Advisers are subsidiaries of Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001. ADI is not affiliated with MMLD, MML Investment Advisers or MassMutual.
2MassMutual Investments is the trade name for certain products and / or services of Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates.
3 As of September 30, 2021