RiverSource Investments LLC, a subsidiary of Ameriprise Financial Inc. in Minneapolis, said that it had introduced six mutual funds to be sold through its advisers and retirement plans.
The portfolios are three asset allocation funds-of-funds, a small-cap value fund, an emerging markets bond fund, and a floating rate fund, the company said Thursday.
The funds-of-funds, called the RiverSource Income Builder Series, carry varying levels of risk and projected yield. Their objective is to maximize yield, protect against inflation, and minimize risk.
The Income Builder investment managers, are divided into a fixed-income team and an equity and asset allocation team.
