The 12 financial firms that provide investment options, distribution and marketing for New Mexicos 529 Arrive Education Savings Plan announced today that they are adding 14 individual mutual funds to the plan. The addition of the new funds brings the plans total choices 23 and expands the options to include large-cap, mid-cap, multi-cap, small-cap, international and fixed income funds.
An Arrive Education Savings spokeswoman at press time was unable to identify which of the investment managers are providing the 14 new funds.
"The individual mutual fund portfolio option allows investors to custom design an investment strategy that is most appropriate for their needs," said Ralph Constantino, chief executive officer of Schoolhouse Capital. "This level of diversification is unsurpassed in the 529 market today."