First American Corporation of Nashville has introduced the ISG Funds, a newly-expanded mutual fund family formed from the combination of its AmeriStar Mutual Funds and DG Investor Series family of mutual funds.
The 14 individual ISG Funds, with total assets of nearly $3 billion, offer a variety of asset classes including equity, taxable fixed income, tax exempt fixed income and money market funds. Five additional fund-of-funds called the ISG Strategic Portfolios will be introduced this month.
The creation of the ISG Funds is the result of the merger earlier this year of First American National Bank, which managed the AmeriStar Mutual Funds, and Deposit Guaranty National Bank. ParkSouth Corporation, a registered investment advisor and fully owned subsidiary of Deposit Guaranty National Bank, managed the DG Investor Series.
The ISG Funds are managed by Investment Services Group of First American Corporation and distributed by BISYS Fund Services.