CA Firm Launches 12 CIF Offerings

May 7, 2007 ( - 401kDIRECT Network has introduced nine individual ETF collective investment funds (CIF) and three (Conservative, Balanced, & Growth) ETF CIF Strategy Portfolios that will be available to qualified plans.

The ETF CIFs are sub-advised by portfolio strategist Barclays Global Investors (BGI), State Street Global and other ETF managers, according to a company news release.

Pooling ETF assets using CIFs allows asset allocation solutions to be offered to multiple plans at a lower cost, the company asserted. The actively managed allocation portfolios are customized according to a specific investment objective.

The company said the new offerings were launched on Monday.

401kDIRECT is based in Campbell, California. More information is at .