Legg Mason, the manager of Colorado's 529 college savings plan, Scholars Choice, is switching five of the funds offered in the plan with new options, including the Legg Mason Value Trust Fund, which is managed by Bill Miller. Other funds now offered in the plan are: Legg Mason Partners Aggressive Growth Fund, Royce Pennsylvania Mutual Fund, Legg Mason International Equity Trust and Western Asset Core Plus Bond Portfolio. In the near future, the plan will also add the John Hancock Classic Value Fund.
"As part of Legg Mason, we are able to offer investors expanded capabilities from a number of Legg Mason's investment management subsidiaries, as well as new options from well-regarded outside managers," said Steven Bleiberg, global head of asset allocation for Legg Mason's 529 plan. "Each of the new investment advisors has a long-term track record in their particular investment style, which spans the spectrum of equity asset classes, growth and value styles."