Citigroup has introduced a mutual fund for retail customers of its Salomon Smith Barney Inc. unit.
The Smith Barney Premier Selections fund consists of 20 large-cap growth stocks and 20 large-cap value selections. It is managed by Alan Blake and Frances Root.
The fund is only available through Salomon Smith Barney financial consultants, a spokeswoman said. They began taking orders on July 19 and will buy shares starting Aug. 31.
There are more than 180 Smith Barney Funds. SSB Citi Asset Management Group managed $347 billion of assets on June 30.