USAA Investments has added two new mutual funds to its lineup.

The firm has launched the USAA Target Retirement 2060 Fund, the sixth fund in the USAA Target Retirement Funds suite, with a minimum investment of $500. According to Wasif Latif, vice president at USAA Investments and co-manager of USAA's Target Retirement Funds series, the fund is designed to contain more equities than USAA’s other target retirement funds, given the longer investment timeline.

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