MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 4, 2006 AARP Quick to Broaden Selection When AARP Financial officially launched its initial three funds last week, a spokesperson said it was too early to talk about the possibility of adding more product offerings. That seems to have changed already: a company executive has elaborated on plans already underway for other products. "We currently have filed a registration statement with the SEC for an AARP money market fund and we are considering a fixed income product," said Nancy Smith, vice president for investment services, in an interview with Reuters. A sub-subsidiary of non-profit organization AARP, AARP Financial presently serves as the investment advisor to three lifestyle funds that became available to investors in January. State Street the sub-advisor to those three funds, would also carry out portfolio management on the money market fund. Printed from: MFWire.com/story.asp?s=11759 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |