BATON ROUGE, La. — Louisiana Deferred Compensation Commission will add the American Funds EuroPacific Growth, Capital World Growth and Income and Washington Mutual; Artisan Midcap; Touchstone Emerging Growth; Oppenheimer Developing Markets; AIM Real Estate; and Ariel Appreciation as investment options in its $550 million 457 plan, according to a plan official who asked not to be identified. Wilshire assisted.
The plan is dropping seven funds. Market-timing allegations are behind the termination of the Strong Growth & Income, INVESCO Dynamics and Maxim INVESCO ADR, MFS Massachusetts Investors Growth and Maxim MFS Small-Cap funds, the official said. The Janus Worldwide fund is being dropped because of performance and personnel changes, and the American Century International Growth is being dropped for performance.
Officials for INVESCO and Janus did not return calls seeking comment. Chris Doyle, spokesman for American Century, said international equity performance over the past few years has been more favorable for value funds rather than growth. Drew Wineland, spokesman for Strong, and John Reilly, spokesman for MFS, declined comment.
