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, July 19, 2001 Berger Joins Bank 401k Progam First Union has added Berger Funds onto its bundled 401(k) platform. Berger marks the twentieth outside fund family that is available through the product. Berger has no defined contribution recordkeeping platform of its own. Instead the firm allies with third-parties to distribute its funds through the defined contribution market. This way the firm remains focused on the investment management side of the game and avoids conflicts with its partners. Though all Berger Funds will be made available to plan sponsors, only two will be added to the First Union's Core Fund List. Typically funds on this type of list have a higher profile and are more likely to be selected by plan sponsors. The two are the Berger Balanced Fund (BEBAX) and Berger Mid Cap Value Fund (BEMVX). First Union also added a number of other funds to its Core List following a regular review of its investment options. The following funds were added to that list. In each of thesse cases First Union already had alliances with the firms:
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