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Thursday, March 31, 2011|
Genworth Marks Six New Funds For Launch
Genworth Financial Wealth Management [see profile] just put six new mutual funds in its official pipeline, and it looks like that's good news for Franklin Templeton [see profile], Loomis Sayles [see profile] and State Street Global Advisors [see profile]. On Tuesday the Pleasant Hill, California-based firm filed to launch four asset allocation funds, a fixed income fund and a real return fund [see filing].
The MFWire could not immediately reach spokes people for Franklin, Genworth or State Street for comment for this story. A Loomis spokesperson was not immediately able to comment.
The funds-to-be are:
U.S. Bancorp Fund Services will serve as the new funds' accountant, administrator and transfer agent, and U.S Bank handles custody (except for the fixed income fund, which Bank of New York Mellon will custody). Genworth's own Capital Brokerage Corporation will handle distribution, with U.S. Bancorp's Quasar Distributors serving as sub-distributor. KPMG is the funds' independent accounting firm, and Stradley Ronon Stevens & Young provides legal counsel.
Printed from: MFWire.com/story.asp?s=36428
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