CUNA Mutual To 'Mix It Up' With Competing Funds

July 26, 2006, 12:38 p.m. EDT 1 Min Read

MADISON, Wis. -- CUNA Mutual Group announced Wednesday it is one of the first investment companies to take advantage of a new Securities and Exchange Commission ruling that will allow it to mix its core MEMBERS Mutual Fund menu with funds of other fund companies in a single portfolio. MEMBERS Mutual Funds will become among the first investment houses to offer asset allocation funds that combine internal proprietary funds with external funds, beginning on July 31. This type of asset allocation fund, known as a 'Fund of Funds,' is a mutual fund that invests in other mutual funds

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