Scudder Kemper Investment hopes soon to sell mutual funds through more than 14,000 insurance agents representing the Farmers Insurance Group of Companies. The mutual fund company is preparing a test program which will begin next year to offer new products with the Farmers name on them, through Farmers' agents, Ed Canaday, a Scudder Kemper spokesperson, said last week.
Details of the program were not available. But, neither no-load Scudder funds nor Kemper funds that are currently sold through intermediaries will be sold through Farmers' agents, Canaday said. Instead Scudder Kemper appears to be creating a new family of funds that it plans to sell through the Farmers agents. However, Scudder Kemper declined to confirm this. Canaday said only that the new funds with the Farmers Insurance label may be managed in part by Scudder Kemper asset management services.