State Street's Schoolhouse Capital is adding to the investment option available in its The Education Plan 529 plan product offered through New Mexico. The plan administrator is adding three Fidelity funds to the platform along with one from Baron Funds. The platform has offered non-proprietary funds from Janus Funds and MFS Investment Management as well funds from State Street Global Advisors in the past.

Two of the newly added Fidelity funds come from its Advisor product line. Those funds are Fidelity Advisor Mid Cap Fund (Class A), the Fidelity Advisor Diversified International Fund (Class A). The final offering from the Boston Behemoth will be the Fidelity Inflation-Protected Bond Fund (Class T).

Meanwhile Baron Funds will provide the Baron Growth Fund, according to Doug Walters, chief operating officer of Schoolhouse Capital.

Schoolhouse did not provide detail explanations for the selections of the two managers. However, many providers are seeking to build distribution through advisors and Fidelity's name brand can be a powerful door opener. The Inflation-Protected Bond Fund may also appeal to advisors seeking to hedge their client's portfolio against inflation while avoiding the uncertainties of the stock market. Baron Funds have also been a strong draw with many advisors.  

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