Nationwide Funds Group has launched the Nationwide Alternatives Allocation Fund, a passively managed mutual fund that will invest in seven alternative asset classes: global real estate, emerging market debt, emerging market stocks, commodities, TIPS, international bonds and high-yield bonds.

“Investors are increasingly looking for new, lower-cost ways to decrease volatility in their portfolios,” said Michael Spangler, president of the investment management group at Nationwide Financial. “The Nationwide Alternatives Allocation Fund offers a professionally managed, packaged solution for gaining exposure to a variety of non-traditional asset classes and markets that are proven to help improve the risk-return profile of a traditional investment portfolio.”

Goldman Sachs Asset Management is sub-advisor of the fund.