Products July 23, 2003

AssetMark Releases New Hedged Mutual Fund Portfolios

July 23, 2003 (PLANSPONSOR.com) - AssetMark Investment Services, Inc. has announced the launch of its new hedged mutual fund portfolios aimed at providing protection from interest rate fluctuations.
Reported by

The new portfolios, developed in conjunction with Wilshire Associates, are set up similar to Wilshire’s existing asset allocation portfolios, providing investors with global diversification and varying levels of exposure to stock and bond markets, according to a news release.

Additionally, the hedged portfolios contain the Profunds Rising Rates Opportunity Fund hedging fund, which is designed to appreciate when long-term interest rates rise.   With this inclusion, AssetMark states investors should be protected from principal loss caused by a potential increase in rates.

More information can be obtained by contacting Richard Steiny with AssetMark at (800)253-2326 x208 or rsteiny@assetmark.com.

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