Participants in the Kansas 529 plan have another investment option. Kansas State Treasurer Lynn Jenkins
confirmed that the state added a static all equity portfolio managed by American Century Investments and to the Learning Quest 529 Education Savings Program.
The new portfolio stays fully invested in a combination of eight American Century funds: Select (15 percent), Growth (24 percent), Income & Growth (10 percent), Large Company Value (18 percent), Equity Income (5 percent), Vista (5 percent), Small Company (5 percent) and International Growth (18 percent).
"Historically, most of the equity market's returns have occurred on relatively few days of trading," said Jeff Tyler
, senior vice president and senior portfolio manager over Learning Quest. "By staying fully invested in the new 100 percent Equity portfolio, investors who understand the risk-reward trade-off associated with aggressive investing have a higher probability of taking advantage of upside market shifts."
The fund was made available to participants on December 1. All counted the plan now offers 21 options, including 19 asset allocation Learning Quest portfolios and one other static portfolio, Learning Quest Money Market. The plan also offers a Schwab multi-manager program.
American Century administers the program. Both American Century and Charles Schwab distribute the 529 plan.
Stay ahead of the news ... Sign up for our email alerts now