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

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

Rating:RiverSource Rolls Out  Six New Mutual Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 16, 2006

RiverSource Rolls Out Six New Mutual Funds

by: Erin Coe

RiverSource Investments, the Minneapolis-based fund arm of Ameriprise, begins offering six new mutual funds today, including three RiverSource Income Builder Series funds-of-funds, a small-cap value fund, an emerging markets bond fund and a floating rate fund.

To protect against inflation and reduce risk, its Income Builder Series packages three income-generating funds-of-funds with various risk and yield levels. The series is managed by the fixed-income team and the disciplined equity and asset allocation team.

The firm has also added three other mutual funds.

The Disciplined Small Cap Value Fund, which provides shareholders with long-term growth of capital by investing mostly in small-cap value stocks, will be managed by its disciplined equity and asset allocation team.

The Emerging Markets Bond Fund, which seeks to add income potential gradually by investing mainly in emerging markets debt securities, will be overseen by the fixed-income team. It plans to limit exposure to foreign currencies and employs a top-down country focused approach.

And finally, the Floating Rate Fund, which provides high current income that rises after increasing interest rates, will be managed by the fixed income team and the Los Angeles-based bank loan team. It invests in floating rate debt instruments, such as bank loans, adjustable rate mortgages and floating rate asset-based securities. The fund, which will also focus on capital preservation, may also invest part of its assets in non-floating rate instruments, such as various fixed-income securities, and short-term money market instruments for liquidity, diversification and incremental return.

All six funds were filed with the SEC on Nov. 23, 2005.

RiverSource Investments, a subsidiary of Ameriprise Financial, Inc., will offer its funds through Ameriprise financial advisors and retirement plans. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use