ADDING VALUE: METLIFE ALTERS STABLE VALUE; ACTIVE MANAGEMENT, WRAPPED EQUITIES DISTINGUISH NEW APPROACH.

Pensions & Investments, April, 1999 by Barreto, Susan

NEW YORK -- MetLife is reinventing its stable value program, offering a new commingled fund approach for defined benefit and 401(k) plans. The program, Stable Value Investors, offers 15 commingled stable value funds and a new game plan for selling more stable value products at a time when new allocations to the asset class continue to decline.

``We had a lot of pieces around to construct a full stable value manager solution, but never tied them together,'' said Mark Foley, director, guaranteed products marketing. Stable Value Investors is being offered in addition to the Met Managed GIC, a GIC alternative strategy with more than $12.5 billion in assets. The firm manages more than $21 billion in stable value. As part of the new program, which offers a wide...

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