Money fund assets rise to $2.748T - Total money market mutual fund assets rose $9.56 billion to $2.748 trillion for the week, the Investment Company Institute said Thursday.
Asset allocation portfolios from Principal Funds hit milestones – Principal LifeTime portfolios hit the 10-year mark this year, displaying strong performance since their inception in 2001, according to The Principal Financial Group. With assets totaling more than $18 billion, Principal LifeTime is one of the first target-date fund series in the industry and the fourth largest target-date fund offering.
Principal Strategic Asset Management (SAM) portfolios, the target-risk fund series, turns 15 this year. The SAM portfolios are subadvised by Edge Asset Management, a wholly owned subsidiary of the Principal Financial Group.
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