Aetna International Fund Receives Standard & Poor's Select Fund Designation.Business Editors HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 18, 2000 Aeltus Investment Management, Inc., investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to the Aetna Funds, today announced that its Aetna International Fund A and I shares have met Standard & Poor's rigorous standards for performance and management to receive Select Fund designation. In order to receive a Standard & Poor's Select Fund designation, a fund must not only exhibit a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. trend of strong performance, but the fund's management must also demonstrate the ability to continue to serve as a catalyst for the same performance. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Phil Edwards Phil Edwards may refer to:
Performance is only the beginning, however. The majority of the evaluation rests on management's abilities. Comprehensive on-site interviews are held by Standard & Poor's. Management of the fund group and the specific funds are reviewed to evaluate depth and stability of the fund company and the fund management team, as well as style, experience and expertise of the fund manager and the track record of the fund. "A strong investment management team and a disciplined investment process have been integral to our success," according to Vince Fioramonti, Aetna International Fund Portfolio manager. Mr. Fioramonti is part of an integrated team of investment professionals responsible for asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , daily management, and quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. and development. Aetna International Fund's investment style is heavily dependent on quantitative models used to rank countries and stocks in order to produce a core group of 70-80 growth stocks. "The Select Fund designation provides a clear and credible mark of differentiation in an increasingly crowded field of mutual funds," says Mr. Edwards. "Market research indicates that intermediaries and investors want better, but not necessarily more information, and we believe this designation can help lead to more confident fund selection by both groups." Overall fund performance is reviewed monthly and individual holdings are reviewed quarterly, to ensure that the funds given Select Fund designation continue to meet Standard & Poor's criteria. A complete list of Select Funds can be found on Standard & Poor's Web site, www.StandardandPoors.com/onfunds. Aeltus, which manages institutional assets and is investment advisor to the Aetna Funds, is an independently managed subsidiary of Aetna Inc., with more than $56 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Aetna Mutual Funds are distributed by Aeltus Capital, Inc. For a prospectus containing more complete information including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, write to Aetna Mutual Funds, 10 State House Square, Hartford, Connecticut “Hartford” redirects here. For other uses, see Hartford (disambiguation). Hartford is the capital of the State of Connecticut. It is located in Hartford County on the Connecticut River, north of the center of the state. 06103 or call 800-367-7732. Read the prospectus carefully before you invest or send money. Visit our Web site at http//:www.aetnafunds.com. |
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