The state of Pennsylvania has chosen Calvert Group, which offers socially responsible mutual funds, to participate in its 529 college savings plan.
State treasurer Barbara Haver said today that the new 529 program will offer two Calvert products, a bond fund and a stock fund, as well as products from Delaware Investments. Delaware Investments was selected to manage the 529 program in January.
Delaware Investments offerings within the plan will include stock, bond and balanced funds as well as two age-based products wherein investment strategies become more conservative as a child nears college age.
The plan will be available nationally this spring.