Mississippi Public Employees’ Retirement System, Jackson, is adding a domestic large-cap growth equity fund managed by Loomis Sayles & Co. and an international growth equity fund managed by T. Rowe Price Group as investment options for its $1.3 billion 457 plan, said a notice on the plan’s website.
They are replacement funds, according to the notice, but it does not specify which funds they are replacing. The changes take effect Friday.
There are three current international equity funds in the lineup: American Funds New Perspective Fund, managed by Capital Group; an MSCI EAFE equity index fund managed by BlackRock; and T. Rowe Price Group’s International Stock Fund.
The three current domestic large-cap equity funds are an index fund managed by BlackRock and funds managed by Fayez Sarofim & Co. and Vanguard Group.
The plan has a total of 16 investment options plus a target-date fund lineup managed by Vanguard.
Pat Robertson, the retirement system’s executive director, did not return a phone call by press time.