PARSIPPANY, N.J. New York Life Investment Management LLC has introduced three new funds and repackaged others into the Eclipse Funds family of mutual funds.
The fund family, which the company will distribute through fee-based financial planners and wrap programs, will include the four original Eclipse funds acquired through its October purchase of Towneley Asset management. It will also include the 11 funds in its MainStay Institutional Funds family, and three new mutual funds.
Joining the Eclipse group are the Eclipse mid-cap core fund, Eclipse core bond plus fund and Eclipse tax-free bond fund.
The fund family represents $5 billion of assets under management.