Warburg Pincus Asset Management Inc. has created two money market funds that let investors earn frequent-flier miles on several airlines.

WorldPerks InvestorMiles, launched Oct. 1, lets investors in the company's Money Market and the Tax-Free Money funds earn one Northwest WorldPerks Bonus Mile for every $4 invested. In addition, investors can earn up to 1,200 additional bonus miles when a new account is opened during the first six months of the program.

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