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New AARP Unit Offers Funds

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AARP Financial, a new subsidiary of AARP Services Inc., is offering a new line of mutual funds aimed at a variety of investment risk styles.

AARP Financial, Tewksbury, Mass., says the funds are aimed at offering a complete mid- to long-term portfolio for investors aged 50 and up. It says it hopes the simplified investment choices will encourage seniors to increase the amount they invest for retirement.

The offering consists of 3 funds: AARP Conservative, AARP Moderate and AARP Aggressive. Each invests in a mix of stocks, bonds and other securities.

The funds are distributed by ALPS Distributors Inc., Denver, Colo.