Great Western Financial Corp. has added the 14th portfolio to its Sierra Trust Funds lineup.
The Short Term High Quality Bond Fund will be managed to provide high income and minimum fluctuation in principal value.
A leading mutual fund company, Scudder, Stevens & Clark, has been selected as portfolio manager for the fund. In that capacity, Scudder will make day-to-day investment decisions under the supervision of Sierra Investment Advisors Corp., a unit of Great Western.
The thrift, based in Los Angeles, manages $3 billion in mutual fund assets.