The new funds are:
- a large cap growth fund, sub-advised by Dresdner RCM
- a large cap balanced fund, sub-advised by Dresdner RCM
- a small cap growth fund, sub-advised by Loomis Sayles
- a small cap blend fund, sub-advised by Wentworth, Hauser and Violich
- two separate small cap funds, sub-advised by Sterling
Capital Management and Trust Company of the West.
The addition of the six new funds brings a total of 22 separate funds under the Charter family fund umbrella.
Each of the funds was selected for a variety of reasons:
- style consistency
- nominal and risk-adjusted returns
- downside risk
- tracking error
- active management expertise
- and the overall capabilities of the investment management firm.
The six new funds all ranked in the top-quartile of risk adjusted performance relative to their peers, according to Thomas Jones, president, CIGNA Retirement & Investment Services .
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