The company asked registered investment adviser Advised Assets Group LLC (AAG) and Morningstar Associates to create and review the expanded investment program. The final Premier Key investment program includes nearly 55 fund partners. More than 75% of the investments are currently classified as four- or five-Star funds by Morningstar Inc. according to Great-West.
AAG screened the funds on a quantitative basis for such metrics as performance history, manager tenure and Morningstar Star Rating of three or more. Then, Morningstar Associates conducted additional quantitative and qualitative analysis, including risk-adjusted performance, style consistency and holding concentration, in addition to a fundamental review of the organization, management team, investment process and portfolio positioning.
The new Premier Key fund program is available now.