NU Online News Service, Jan. 6, 4:05 p.m. – Aegon Institutional Markets Inc., Louisville, Ky., says its stable-value product balances increased 15% percent in 2002, to $37 billion. The increase was due mostly to allocations from 401(k) retirement plan investments and 529 college savings plans, the company says.
Aegon, a unit of Aegon N.V., The Hague, Netherlands, says the trend toward stable-value investments has lasted for three years.
Aegon Institutional is associated with seven state-sponsored 529 college savings plans. It manages $61 billion in institutional product assets.