For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products December 31, 2009
Transamerica Extends Bond Fund Purchase Minimum
December 31, 2009
(PLANSPONSOR.com) -Transamerica Asset Management Group (TAMG) has extended
indefinitely the reduction to the purchase threshold for NAV purchases of
Transamerica Short-Term Bond announced earlier this year.
Reported by PLANSPONSOR staff
On October 14, 2009, TAMG announced that the Transamerica Short-Term Bond Class A NAV purchase threshold would be reduced from $1 million to $250,000 through December 31, 2009. This threshold reduction will now be extended indefinitely into 2010.
The extension of this purchase privilege is in addition to fee reductions to Transamerica Short-Term Bond that were implemented earlier in 2009.