The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AARP Financial Rolls Out Three Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 24, 2006

AARP Financial Rolls Out Three

Reported by Marie Glancy

On Monday, AARP Financial -- founded last year as a for-profit subsidiary of AARP -- officially launched its most recent products for the over-50 investor. The organization developed the three AARP Funds to replace Scudder offerings previously distributed by AARP.

In early January, AARP ended a long pairing with Scudder and announced it would replace Scudder's funds with three "sophisticated, yet simple" index-based funds of AARP's own. The new AARP Funds -- which are subadvised by SSgA Funds Management, a State Street company -- include the AARP Conservative Fund, the AARP Moderate Fund and the AARP Aggressive Fund.

Each fund uses a "fund of funds" method, investing in a broadly diversified portfolio of stocks, bonds, and securities. The portfolios track the MSCI Investable Market 2500 Index for U.S. stocks, the MSCI EAFE Index for international stocks, and the Lehman Brothers Aggregate Bond Index for U.S. bonds.

Jeanne Murphy Romano, a spokesperson for AARP Financial, said the AARP Funds have been available to the public as of late January, and are doing well on the market. "Our investors are very interested in the funds, and even more so in our approach," she said.

That approach is centered on low fees and assisted rebalancing. "Many investors find it difficult to construct a diversified portfolio and rebalance it on a regular basis, which is why those important features are already built into the AARP Funds," said Nancy M. Smith, vice president for investment services at AARP Financial, in a statement.

Romano said it's too early to say whether additional offerings will be rolled out, but said the array may be expanded in time.

Outside the AARP Funds, AARP Financial offers credit cards, as well as home, auto and life insurance through third parties.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use