Compass EMP Funds may have just launched 13 new mutual funds, but the Nashville, Tenn., firm isn't finished just yet.
Chief Investment Officer Stephen Hammers says the firm plans to file for three additional funds within the next two weeks.
Hammers said the three new funds will be asset allocation funds focusing on stock and bond asset classes. They will offer conservative, moderate and aggressive strategies.
Of the 13 funds announced Wednesday are alternatives funds, six are categorized under traditional growth and income asset classes.
The three additional funds would bring Compass EMP's total fund lineup to 19 funds. Currently, the firm's 16 funds hold $1 billion in total assets under management, among which mutual funds represent around $400 million in assets.