MutualFundWire.com: Busy Day In Kansas
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Wednesday, May 3, 2000

Busy Day In Kansas


Security Management, the mutual fund subsidiary of Topeka, Kan-based Security Benefit, is launching two mutual funds and five variable annuity accounts.

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"We're trying to expand our product offerings, and we felt there were a lot of opportunities in technology and growth," said Jim Schmank, senior vice president for asset management.

The Large Cap Growth fund will be managed in-house by Cindy Shields. The fund will use the Standard & Poor's Barra Index as a "benchmark." By "benchmark," Security Benefit means that investors can expect a level of risk and volatility comparable to that index.

The Technology fund is the other launch. It will managed externally by Wellington Management, and will use the Goldman Sachs Technology Industry Composite Index as a benchmark.

The variable annuity accounts are Large Cap Growth, Capital Growth, Main Street Growth and Income, Small Cap Valuee and Technology. They will be managed by a combination of in-house mangers and sub-advisors.




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