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Mutual funds are a popular way to invest because they let you pool your money with money from other investors to buy into a portfolio of stocks, bonds or other assets. The diverse nature of the.
Miami University bolsters DC lineups with Fidelity, Vanguard funds
Vanguard Group to its 401(a) and 403(b) plans.
The university s retirement advisory committee recommended adding the investment options after a review of fund offerings, according to an update posted on the plans website.
The changes will be effective in early spring, the website said. For participants with record keepers AIG Retirement Services, Equitable and Voya Financial, the plans which have identical lineups will add six passive domestic equity funds managed by Fidelity.
The additions are the Fidelity Large Cap Growth Index Fund, Fidelity Large Cap Value Index Fund, Fidelity Mid Cap Growth Index Fund, Fidelity Mid Cap Value Index Fund, Fidelity Small Cap Growth Index Fund and Fidelity Small Cap Value Index Fund.
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