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Tewksbury, MA — AARP Financial, a subsidiary of AARP Services, Inc., and a provider of products and services designed to meet the retirement needs of the 50-plus population, announced the latest addition to the AARP Funds family with the launch of its new AARP Money Market Fund. The Fund offers a competitive interest rate and access to salaried investment counselors who will help investors determine their short and long-term investment needs.
The AARP Money Market Fund is a smart option for individuals looking for a low-risk mutual fund with an attractive interest rate. Investors can open an AARP Money Market Fund account for as little as $100.00 or just $25 if they establish an automatic investment plan. The Fund offers unlimited check writing for sums of at least $250. One does not need to be an AARP member to invest.
"In a dynamic interest rate environment, money market funds provide some of the highest yields with the greatest liquidity," said Richard Hisey, Chief Investment Officer for AARP Financial. "The AARP Money Market Fund can serve as part of an important overall investment strategy and offers investors monthly income as well as a convenient, low-risk option for money they plan to invest in other AARP Funds."
The AARP Money Market Fund invests in the State Street Money Market Portfolio, a series of the State Street Master Funds. AARP Financial is the Fund's investment adviser. SSgA Funds Management, Inc., one of the State Street Global Advisors' companies, is the Portfolio's investment adviser. The Fund's annual expenses are capped at 0.50 percent.
For more information on the AARP Money Market Fund and to speak to an investment counselor, call 1-888-778-6184 or visit our web site at www.aarpfunds.com.
About AARP Financial
AARP Financial, founded in 2005, is a wholly owned subsidiary of AARP Services, Inc. Based in Tewksbury, Massachusetts, AARP Financial is dedicated to helping people age 50 and over build a more secure financial future by offering products and services designed to meet their retirement needs. AARP Financial offers a carefully chosen array of investment products and guidance, including the AARP Money Market Fund and AARP Funds, a group of three index-based mutual funds; auto and home insurance through The Hartford; credit cards through Chase; life insurance through New York Life; and mobile home and motorcycle insurance through Foremost.
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Please read the prospectus carefully before investing. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Investment Counselors are FINRA registered representatives through ALPS Distributors, Inc., a registered broker/dealer, and employed by AARP Financial Inc.
While AARP has licensed the use of its name to AARP Funds and endorses the services provided by AARP Financial Incorporated, AARP cannot recommend that any specific individual should purchase shares of a particular fund. AARP is not a registered investment adviser or broker-dealer.
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