First American will also designate its First American Tax Free Obligations Fund for retail investors.
Jefferson National Offers Defined Outcome Strategy
Louisville, Ky.-based Jefferson National has introduced a “defined outcome” ’40 Act fund within a tax-deferred wrapper.
The JNF Exceed Defined Shield Index Portfolio will track the performance of the Nasdaq Exceed Defined Protection Index, with exposure to the S&P 500, while attempting to limit losses to no more than 12.5% on an annualized basis and gains at an annualized maximum of 15%.
The tax-deferred version of the fund will be exclusively offered through Jefferson National’s Monument Advisor, a flat-fee investment-only variable annuity.
The retail version of the fund is now available on multiple platforms.
New York-based Exceed Investments will manage the new fund.
RidgeWorth Introduces Infrastructure Mutual Fund
Atlanta-based RidgeWorth Investments has announced a fund focused on natural resources and industry.
The RidgeWorth Capital Innovations Global Resources and Infrastructure Fund invests in companies focused in the agribusiness, timber and infrastructure industries.