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SunAmerica Floats Mutual Fund

SunAmerica Asset Management has rolled out the SunAmerica Global Trends Fund.

SunAmerica Asset Management has rolled out the SunAmerica Global Trends Fund, MutualFundWire reports. The mutual fund, which is sub-advised by Wellington Management, will invest primarily in futures contracts and also use technical analysis.

The vehicle combines 10 global asset classes, including global equity and fixed income markets, currencies and commodities, by employing a rules-based strategy. The product will have between 0% and 10% exposure to each of the global asset classes.

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