Karen Chong-Wulff, who manages a $10.9 billion stable value fund (as of Sept. 30, 2016) for ICMA-RC, recently participated in an Asset TV Masterclass interview that explored the current challenges and opportunities ahead for stable value investments.
The annual event is a national effort championed by the National Association of Government Defined Contribution Administrators (NAGDCA) to raise public awareness about the importance of saving for retirement.
ICMA-RC announces the restructuring of its proprietary investment options to a collective investment trust (“CIT”)-only structure. To accomplish this, the registered Vantagepoint Funds will be liquidated and assets invested in those funds will be transferred to collective investment trust funds (“CITs”). Like registered mutual funds, CITs combine the assets of multiple investors into a single fund with a specific investment strategy. The change will occur during the fourth quarter of 2016.