From the April 2008 issue of Investment Advisor • Subscribe!

April 1, 2008

Upgrades

Assets in the industry's first mutual fund providing managed futures exposure are approaching the half-billion mark. The year-old Rydex Managed Futures Strategy Fund has attracted approximately $400 million in assets, including more than $150 million since the beginning of January. The fund is designed to provide cost-effective access to the U.S. commodity and global financial futures markets by aiming to mirror the daily performance of the S&P's Diversified Trends Indicator.

...Bear Stearns Asset Management launched the Bear Stearns Current Yield Fund (Triple-Y fund). The fund is composed of short-term fixed-income instruments, and "aims to generate higher returns than an average money market fund by investing in diversified, high-quality securities, including governments, municipal securities, bank obligations, corporate, and securitized debt." The fund is available on the American Stock Exchange effective March 18, 2008.

...Sun Life Financial announced several new investment options for its Masters Variable Annuity Suite: A new 90/10 asset allocation portfolio for advisors and customers seeking an investment with high equity fund exposure, aimed at maximizing returns while minimizing risks; three new fund family portfolios, including Franklin Templeton VIP Founding Funds Allocation, AllianceBernstein VPS Balanced Wealth Strategy Portfolio, and the Van Kampen UIF Equity & Income Portfolio; and a "build your own portfolio" option for advisors looking to customize asset allocations for their clients--advisors can choose from 56 investment options across 15 leading fund families.

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