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Rating:Fund Opening: IMG Launches a Money Market Offering Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 28, 2004

Fund Opening: IMG Launches a Money Market Offering

by: Theresa Sim

West Des Moines, Iowa-based money manager the Investors Management Group is planning the launch of a new Institutional Money Market Fund under their Vintage Mutual Funds family in December.

Fund managers will seek to offer liquidity, preservation of principal and will seek to maintain a stable net asset value of $1.00 per share.

The fund will have operating expenses of 15 basis points, according to the filing.

The minimum initial purchase in the fund is $1,000. The fund will be offered to educational institutions.  

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