Strong Capital Management this week rolled out two new mutual funds in the global high-yield debt and money market areas.

The Strong Step 1 Money Fund will cater specifically to the first-time investor, said a spokeswoman for the Menomonee Falls, Wis., company. Customers who invest at least $1,000 will receive an educational package to guide them through the investment process, she said. The portfolio will be managed by Jay Mueller, who manages two other money market funds for Strong.

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