CUNA Mutual To 'Mix It Up' With CompetingFunds

July 27, 2006, 1:00 a.m. EDT 1 Min Read

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MADISON, Wis. - (07/27/06) -- CUNA Mutual Group announcedWednesday it is one of the first investment companies to takeadvantage of a new Securities and Exchange Commission ruling thatwill allow it to mix its core MEMBERS Mutual Fund menu with fundsof other fund companies in a single portfolio. MEMBERS Mutual Fundswill become among the first investment houses to offer assetallocation funds that combine internal proprietary funds withexternal funds, beginning on July 31. This type of asset allocationfund, known as a 'Fund of Funds,' is a mutual fund that invests inother mutual funds

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