Missouris $1 billion 529 college savings plan will offer two investment options that have no direct ties to Iran, Syria, Sudan or North Korea, according to a spokeswoman for state Treasurer Sarah Steelman. They are a terror-free active international equity fund run by UMB Investment Advisors the first of its kind, according to the state and the Roosevelt Anti-Terror Multi-Cap fund.
Ms. Steelman originally sought managers to develop anti-terror funds for the $1 billion college savings plan, said Kelly Gunderson, spokeswoman for the treasurers office. The state uses Conflict Securities Advisory Group to certify companies as having no direct ties to Iran, Syria, Sudan or North Korea.
Vanguard manages the plan.