USAA Preps to Launch a Pair of Funds
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Tuesday, October 12, 2010

USAA Preps to Launch a Pair of Funds

USAA Investment Management Company [see profile] is about to add a pair of products to its mutual fund lineup. The San Antonio, Texas-based firm is getting ready to launch the USAA Real Return Fund and USAA Ultra Short-Term Bond Fund on October 23.

The Real Return Fund comes with an expense ratio of 85 basis points and the Ultra Short-Term Fund has an expense ratio of 65 bps. [SEC filing]

USAA, whose funds are open to the public and not limited to USAA members, currently offers 46 mutual funds. As of August, it had $45 billion of mutual fund AUM, said Daniel McNamara, president of USAA Investment Management Company.

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