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Article: Wachovia Securities Adds Mutual Funds With Alternative Investment Component to DMA Optimal Blends Managed Account Program.
- Article from:
- PR Newswire
- Article date:
- September 19, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RICHMOND, Va., Sept. 19 /PRNewswire-FirstCall/ -- Wachovia Securities, LLC, has expanded its multiple style portfolio program DMA to include an allocation of mutual funds that incorporate alternative income asset classes such as REITs, high yield bonds, and emerging market debt. This is the first time that equities, fixed income and mutual funds have been combined in a single discretionary managed account framework at Wachovia Securities. The new approach incorporates the mutual funds, referred to as the "alternative income sleeve" (AIS), into certain Wachovia Securities DMA Optimal Blends, an investment product that offers investors access to leading third party money ...