Portfolio

AIM Management Group of Houston has filed to register a new closed-end mutual fund that will cater to wealthy investors seeking alternative types of investments.

The American Stock Exchange has announced that it will begin trading the Cohen & Steers Realty Majors Index Fund, a new exchange-traded fund offered through Barclays Global Investors of San Francisco.

The Evergreen Funds has introduced the Evergreen Premier 20 Fund, a concentrated equity mutual fund. The fund is a multi-cap, multi-sector portfolio with four share classes and it will invest in 20 to 40 stocks selected by four Evergreen managers, according to the company.

NEW YORK - Fund companies continued to introduce new exchange-traded funds throughout the past year, but the market will not be able to support an unlimited number of the new products, according to several industry executives.

American Century Investments of Kansas City, Mo. has filed for the registration of a new fund that would carry harsh restrictions aimed at discouraging market timers from investing in the fund.

The Equitable Life Assurance Society of the United States of New York, a unit of AXA Financial of New York, is in the process of developing the Equitable Premier Funds, a family of ten open-end, mutual funds.

The Vanguard Group of Malvern, Pa. has begun offering investors the ability to open new accounts online in a paperless transaction that collects investors' consent through electronic signatures, the company has announced.

New York Life Investment Management of Parsippany, N.J. has filed a registration statement with the SEC for its NYLIM Exchange-Traded Fund.

The Vanguard Group of Malvern, Pa. has filed with the Securities and Exchange Commission to offer its Admiral share class, a discounted share class available to some investors, on 13 of its bond funds, the company has announced.

American Skandia Life Assurance Corporation of Shelton, Conn. has added three index portfolios and eight sector portfolios to its fund offerings, according to the company.