San Francisco-based HighMark Funds has launched three asset allocation funds that it said would offer a low-risk, high-reward investment, and make it easier for financial advisers to manage client assets.
In introducing the Income Plus Allocation. Growth and Income Allocation and Capital Growth Allocation funds, HighMark said it was "creating a total wealth management solution" to meet financial advisers needs." The funds will "combine an active management approach in a Dual Alpha methodology." In other words, the funds will utilize two sources of return to their advantage.