VALIC, the Variable Annuity Life Insurance Co., launched Portfolio Director 2, naming several subadvisers. The product will be marketed to 403(b) plans as well as other qualified retirement plans.
Of Portfolio Director 2's 18 variable-account options and two fixed-account options, 12 will be available through publicly traded funds managed by Founders Funds; Neuberger & Berman; Putnam Investments; Scudder, Stevens & Clark; Templeton Funds; Twentieth Century; and Vanguard. Other subaccounts will be run by Bankers Trust and T. Rowe Price.
