Golden State ScholarShare College Savings Trust, Sacramento, Calif., decided to invest its assets in three new institutional funds run by TIAA-CREF, said Tom Dithridge, chief of the trust. The $3 million, 1-month-old fund provides tax-favored educational savings. Mr. Dithridge said officials picked growth equity, bond and money market funds. The funds will be invested mostly in U.S. securities, but the stock and bond funds have leeway to invest internationally. Officials may add other asset classes over time. Asset Strategy Group advised on investment issues.
Golden State ScholarShare College Savings Trust, Sacramento, Calif....
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