As the term ‘NestEgg’ is now commonly used as a synonym for retirement savings, we take our mandate very seriously!
New York, NY (PRWEB) July 29, 2010
American Independence is pleased to announce that the Wall Street Journal’s “How to Pick a Target Date Fund” publication on July 24, 2010, lists its NestEgg™ Funds as one of the Target Date families which have outperformed a peer index based on fees, asset allocation and manager’s stock picks during the past three years. The article states that the new data from a noted investment research firm, Morningstar Inc. was based upon a methodology used by professional investors.
Said John J. Pileggi, Managing Partner of American Independence Financial Services, LLC, the Funds’ advisor, “The world of Target Date investing has been the subject of a great deal of investor, government and press scrutiny in recent months. Plan participants and retirement savers are often confused with the layers of fees and the variations in ‘glide paths’ of many target date funds. The market disruptions of 2008 and 2009, and the increased volatility in equity and fixed income markets have reinforced for us that an approach that focuses on consistency and conservatism of glide path, when combined with transparent and competitive fees, is an effective approach to the management of Target Date portfolios.”
T. Kirkham Barneby, Chief Fixed Income Strategist and a portfolio manager of the NestEgg™ Funds, stated that, "A family of target date funds is a microcosm of the key issues faced by an investor: (1.) What are the potential investment returns available in the marketplace and at what risks, e.g. the efficient investment frontier of finance theory fame or the glide path and (2.) How should the underlying assets included in the investment mix at the selected point on the frontier be managed—actively or passively? The key issue in selecting a target date family remains whether or not the family’s ‘glide path’ provides an efficient investment frontier that can serve investors throughout their lifecycle. As the term ‘NestEgg’ is now commonly used as a synonym for retirement savings, we take our mandate very seriously."
Pileggi cited Kirk Barneby’s proprietary “Investment Scorecard” methodology, which is utilized to manage the duration of the fixed income portion of NestEgg, as a positive contributor to the results in the Morningstar report. Barneby, and his colleague Glenn Dorsey, also manage the American Independence Active Treasury and Active Treasury Bull/Bear strategies. Pileggi also noted that Jeff Miller of American Independence was recently named as a portfolio manager of the Value portion of the NestEgg™ Funds equity allocations. Miller was recently noted for his management of the American Independence Stock Fund, which was listed in Morningstar’s “Large Cap Funds on Winning Streaks” on July 11, 2010.
About American Independence Financial Services, LLC
American Independence Financial Services, LLC (“AIFS”) is the investment adviser and administrator for the American Independence Funds, and the NestEgg Target Date Funds, featuring the 5 Star Morningstar rated Stock Fund. The American Independence Fund family is currently comprised of 15 funds. AIFS also has a strong SMA business featuring the Active Treasury Management (ATM) and ATM/Bull Bear strategies, as well as Large Cap Value. Total firm assets under management are approximately $1 billion.
American Independence Financial Services, LLC
Eric Rubin, President
Investing in the Funds involves risk. Equity securities are more volatile and carry more risk than other forms of investments. The Funds may invest in small and mid cap securities that are more volatile than large cap stocks.
For more complete information on the American Independence Funds, you can obtain a prospectus containing complete information for the funds by calling 866-410-2006, or by visiting http://www.aifunds.com. You should read and consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest or send money. Information about these and other important subjects is in the Funds’ prospectus.
The target date of a Fund is intended for investors who are saving for a particular goal in life, such as retirement, or who need to withdraw a substantial portion of their investment in, or close to, the year in the name of the Fund. The principal value of an investor’s investment in the Fund is not guaranteed at any time, including in the target year designated in the Fund’s name as well as the years following the designated target date. The Fund will pursue its objective by allocating its assets amongst three major asset classes (stocks, bonds, and cash), which will change over time in relation to its target retirement date. The Fund intends to gradually reduce the potential market risk exposure over time by re-allocating the Fund’s assets amongst the major asset classes. Each Fund’s allocation becomes more conservative as the Fund’s target year approaches and after it arrives. A fund with a shorter time horizon allocates more of its assets to fixed income and cash, while a fund with a longer time horizon allocates more of its assets to equity securities.
The American Independence Stock Fund I Class received a 5-star rating for overall performance, 5 stars for 3-year performance among 1,127 Large Value funds, 5 stars for 5-year performance among 948 funds, and 5 stars for 10-year performance among 478 funds. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.
Past performance does not guarantee future results.
American Independence Financial Services, LLC is a limited liability company.
Shares of the American Independence Funds are distributed by Foreside Distribution Services, LP, which is not affiliated with American Independence Financial Services, LLC.
Not FDIC Insured - May Lose Value - No Bank Guarantee