|
|
 |
| |
|
Home > Financial Services > Mutual Funds > USAA
USAA
The USAA was started in 1922, when a handful of military officers met in San Antonio to form a member-owned insurance company. By building around the core values of service, loyalty, honesty, and integrity, they created a company uniquely suited to the needs of the military and their families. USAA has grown into a Fortune 200 financial Services Company with more than 81 billion dollars in owned and managed assets and offices throughout the United States and Europe. But it has remained true to its origins and is still dedicated to serving military members and their families worldwide.
USAA offers variety of funds such as Aggressive Growth Fund, Balanced Strategy fund, Capital Growth Fund and many more. USAA Aggressive Growth Fund seeks capital appreciation. The fund invests primarily in common stocks and convertible securities issued by growth-oriented companies. It emphasizes small, less-recognized companies, but may also invest in large companies. The fund may invest up to 30 percent of assets in foreign securities.
USAA Balanced Strategy Fund seeks total return with reduced risk over time. The fund allocates assets within the following ranges from 50 percent to 70 percent of assets in stocks, 30 percent to 50 percent in bonds, and 0 percent to 10 percent in money-market instruments. The stock portion consists primarily of common stocks and convertible securities. Bond investments may include U.S. government obligations, mortgage- and asset-backed securities, corporate debt securities, and municipal obligations; they must be rated investment-grade. The fund may invest in foreign equity and debt securities.
USAA Capital Growth Fund seeks capital appreciation. The fund generally invests in the equity securities of companies that the advisor believes have prospects for rapid growth of earnings. It may invest in companies of all sizes. The fund may invest up to 30 percent of its assets in foreign securities.
The mission of USAA is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services in doing so USAA seeks to be the provider of choice for the military community.
Financial Services Companies
all are here at FinancialBrowsers.com Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Mutual Funds
|
|
|
|
|
|
|