MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 16, 2006 Vantagepoint IRA Broadens Horizons ICMA-RC announced Wednesday that it has substantially enhanced its no-fee Vantagepoint IRA, bulking up the vehicle's platform with offerings from several top mutual fund companies. ICMA-RC -- an independent, non-profit organization based in Washington, D.C. -- is the leading provider of retirement plans to the public sector. As of February 28, 2006, it administered more than $25 billion in retirement plan assets for over 700,000 public sector participants. As a service to investors, said a press release, ICMA-RC has added twenty-one new fund options from 11 mutual fund families. Among the providers of these new funds: T. Rowe Price, Fidelity Investments, and PIMCO. Previously, ICMA-RC had offered only eight funds outside its own twenty-seven Vantagepoint Funds, so this announcement signals a considerable expansion. Between Vantagepoint and other funds, Investors in a Vantagepoint IRA may now choose from a roster of 56 funds. ICMA-RC recently eliminated IRA fees in a bid to strengthen appeal among public sector workers. Another aspect of this effort has been the introduction of target-based funds to the Vantagepoint Funds array. Printed from: MFWire.com/story.asp?s=11461 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |