SSB Citi Asset Management Group of New York has introduced its first-ever family of no-load index funds. The family is comprised of 11 index funds. Two other index funds, pegged to the FORTUNE 500 and FORTUNE e-50 stock indexes - the Citi FORTUNE 500 Index Fund and the Citi FORTUNE e-50 Index Fund - are expected to be offered to investors beginning Nov. 27.

The two FORTUNE funds are the first open-end index mutual funds to be based on the FORTUNE 500 and the FORTUNE e-50, according to Edward F. Giltenan, a company spokesperson.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.