Security Benefit of Topeka, Kan. is offering three new mutual funds: the Security International Fund, the Security Enhanced Index Fund and the Security Select 25 Fund.
The International Fund will focus on non-U.S. equities and other securities with equity characteristics. Unlike other international funds, Security will look for companies that are attractively valued and inefficiently priced. Bankers Trust will act as sub-adviser to the fund. The Enhanced Index Fund, also to be sub-advised by Bankers Trust, will be patterned after Bankers' Pyramid Enhanced Stock Index Fund, which under-weights or over-weights stocks on the S&P 500 Stock Index. The Security Select 25 Fund, which will be managed by Terry Milberger, will focus on 20 to 30 stocks of large-cap growth companies. Security will also offer these as sub-accounts to its variable annuities, beginning in May.