TUSI Overview

Importance of Understanding Stablecoins: Recent events highlight the necessity of educating oneself about stablecoins and their technology, particularly in light of their growing significance in financial transactions.

Circle's IPO Success: Circle Internet Group Inc. launched its USDC stablecoin, which is pegged to the U.S. dollar, and experienced a remarkable 474% increase in stock price following its initial public offering on June 5, rising from $31 to $177.97.

Investment Focus: Laura Mayfield from Fort Washington Investment Advisors specializes in asset-backed securities (ABS), providing higher yields with lower volatility compared to traditional bank and money-market options.

Fund Management: She co-manages the $822 million Touchstone Ultra Short Duration Income Fund and the $172 million Touchstone Ultra Short Income ETF, which was launched in August 2022.