ew York, New York-headquartered The Security Benefit Group
has chosen the Bankers Trust
PreservationPlus Income Portfolio to be the only investment vehicle for its new Security Capital Preservation Fund. The BT offering is a stable value vehicle targeted toward IRA's and employee defined benefit retirement plans.
"We chose Bankers Trust as adviser for the investments of our new fund due to their track record and expertise in developing and managing stable value investments. Our Security Capital Preservation Fund broadens the options for our retail distribution and customers by providing a vehicle that seeks to achieve higher yields than money market funds over most time periods while seeking to maintain a constant share price," stated Kris Robbins
, president at Security.
"The Security Capital Preservation Fund exemplifies Bankers Trust Company's goal to reach retail investors by offering mutual fund companies private label products that capitalize on Bankers Trust Company's investment management expertise," added Eric Kirsch
, cio of BT's Stable Value Fixed Income Group.
In February 1999, Security also chose BT to be the subadviser for its Security International Fund and Security Enhanced Index Fund.
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