USAA Investments has launched the USAA Global Equity Income Fund (UGEIX) to complement the firm's existing suite of broader equity income fund options.
"Members are increasingly seeking more diversified sources of income in a low interest rate environment," says John Toohey (pictured), head of equities at USAA Investments. "The USAA Global Equity Income Fund is designed to provide a high level of dividend income, dividend growth, long-term capital growth, and international equity exposure."
The Global Equity Income Fund is managed in-house by USAA's existing team of equity portfolio managers and is offered in both retail and institutional share classes. Since 2011, USAA Investments has introduced six new funds aimed to broaden and diversify its mutual fund lineup, extending both its domestic and global strategies. Today, its actively managed equity platform consists of 14 funds and strategies with over USD16.5 billion in mutual fund assets under management.