Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > College Planning > Saving for College

Education Fund Assets Rise Despite Soft Sales

Your article was successfully shared with the contacts you provided.

Net sales of 529 college savings plans fell to $1.1 billion in the second quarter, down 15% from the total for the second quarter of 2005, but assets rose 31%, to $77 billion.

The College Savings Foundation, Washington, has published those figures in a report based on data collected by Financial Research Corp., Boston.

The researchers found that age-based portfolios continued to dominate the market, with those portfolios continuing to account for 71% of net sales.

College savings fund holders showed somewhat more interest in purchasing individual funds; net sales of individual funds amounted to 8.1% of all net sales in the second quarter, up 6.6% in the second quarter of 2005.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.