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.
Equitable filed a registration statement last week with the Securities and Exchange Commission. The company expects to begin offering the funds in May, according to Ana Sandoval, a spokesperson for the firm.
The ten funds are: the Equitable Premier Large Cap Core Equity Fund, the Equitable Premier Large Cap Growth Fund, the Equitable Premier Large Cap Value Fund, the Equitable Premier Small/Mid Cap Growth Fund, the Equitable Premier Small/Mid Cap Value Fund, the Equitable Premier International Equity Fund, the Equitable Premier Technology Fund, the Equitable Premier Health Care Fund, the Equitable Premier Core Bond Fund, and the Equitable Money Market Fund.
Other than the technology and health care funds, the funds are diversified, according to the filing. Each fund will be sub-advised, however Equitable has yet to determine who the sub-adviser will be, according to Sandoval. Each fund will offer four share classes.
