Products May 25, 2007
RiverSource Unveils Two Adviser-Distributed Funds
RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, has launched two new single-strategy mutual funds.
Reported by Fred Schneyer
According to a news release, the new offerings include RiverSource Strategic Income Allocation Fund and RiverSource Disciplined Large Cap Growth Fund. The announcement said both are available through Ameriprise financial advisers and select non-affiliated banks and broker-dealers.
The RiverSource Strategic Income Allocation Fund is designed to help investors meet their income needs, while RiverSource Disciplined Large Cap Growth Fund is designed to help investors accumulate assets.
The RiverSource Strategic Income Allocation Fund is co-managed by RiverSource Investments’ specialized Fixed Income Team in Minneapolis and the Disciplined Equity and Asset Allocation Team in Cambridge, Massachusetts. The fund seeks to provide shareholders with a high level of current income with capital growth as a secondary objective.
Meanwhile, the RiverSource Disciplined Large Cap Growth Fund is also managed by the Disciplined Equity and Asset Allocation Team and seeks to provide shareholders with long-term capital growth. The fund invests primarily in companies included in the Russell 1000 Growth Index, and can be used as a core large-cap growth holding in many investment portfolios.
For more information, go to www.riversource.com.