Products March 29, 2004

Ohio 529 Tacks On Vanguard Index Funds

March 29, 2004 (PLANSPONSOR.com) - The Ohio Tuition Trust Authority is adding investment options from The Vanguard Group to CollegeAdvantage, its 529 college savings plan.

Reported by

Fred Schneyer

Vanguard will manage 15 new CollegeAdvantage funds to be offered in addition to those already available by Putnam Investments. The Vanguard options will be available in May 2004.

The Vanguard options will consist of passively managed mutual funds that seek to match the performance of a particular market index. The Putnam options are actively managed funds that seek to outperform major market indices.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter. 

The CollegeAdvantage Vanguard Investment Options will be offered on a direct basis, only through the Tuition Trust. The Putnam Investment Options are offered to Ohio residents on a direct basis through the Tuition Trust and through an extensive network of financial advisors. Non-Ohio residents, who do not name an Ohio resident as a beneficiary, can invest in the Putnam Investment Options only through a financial advisor.

For more information, go to www.collegeadvantage.com .