State Street Research & Management Company (SSRM) has renamed the State Street Research Strategic Growth & Income Fund
to State Street Research Asset Allocation Fund
. The portfolio managers will continue to follow the same philosophy and style as an asset allocation fund investing in a mix of stocks, bonds and other securities.
"State Street Research has renamed this fund to more accurately reflect the fund's investment process," explained Kevin Wilkins
, a managing director at the firm. "We have found that our shareholders and financial professionals prefer more literal fund names that are representative of the fund's investment strategy."
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