(January 8 – 09:40 ET) – Credential Group, the credit unions’ brokerage arm, has launched three new Credential Select Portfolio Funds.

Each of the new asset allocation funds — Credential Select Balanced Portfolio, Credential Select Growth Portfolio and Credential Select High Growth Portfolio — features a blend of third-party mutual funds from companies such as AGF, Fidelity Investments, AIM/Trimark Investments and Credential’s own Ethical Funds. With these additions, Credential now offers a total of seven portfolio funds. The new funds have a minimum initial investment of $5,000.

“Credential Group is pleased and excited to offer multifund managed products with the launch of three new Credential Select Portfolio Funds,” said Margaret Yee, vice president marketing of Credential Group. “Our clients have varied needs and these three funds offer them more choice. Now, in this time of market volatility, they can enjoy the benefits of a diversified, professionally constructed portfolio with just one simple investment.”
-IE Staff