Forward has revamped its suite of asset allocation funds, renaming them the Forward Global Asset Allocation Series. The firm has also reduced the number of portfolios from six to five, pulling the Aggressive Growth portfolio from the series. That fund will be renamed the Forward Multi-Strategy Fund, although its objective is unchanged.
In addition, Forward has also updated the portfolio series by globalizing the mix of underlying Forward mutual funds for greater diversification and more exposure to global growth and income opportunities.
The series comprises five mutual funds with varying growth and income objectives including: Forward Growth Fund, Forward Growth & Income Fund, Forward Income Builder Fund, Forward Balanced Fund and Forward Income & Growth Fund.
“Over the past six years Forward has developed a wide array of non-traditional and global strategies, giving us the components for an asset allocation solution that’s in sync with today’s realities,” stated Alan Reid, CEO of Forward. “These are not your father’s asset allocation funds.”