EQ Advisors changes name, management, fees of two bond portfolios

By Toni Weeks

San Diego, Oct. 3 - EQ Advisors Trust said it has changed the name of its ATM Core Bond Portfolio to EQ/Alliance Bernstein Short-Term Bond Portfolio and its ATM Government Bond Portfolio to EQ/Alliance Bernstein Short-Term Government Bond Portfolio, according to a filing with the Securities and Exchange Commission.

The annual portfolio operating expenses for both portfolios have been reduced to 0.59% from 0.64% for class IA shares and to 0.84% from 0.89% for class IB shares.

FMG LLC will no longer be the manager of either portfolio and will no longer participate in projecting interest rate changes in order to manage the portfolio's exposure to the risk of losses.

The adviser, AllianceBernstein, LP, will instead provide expectations of interest rate movements; Greg Wilensky is the portfolio manager.

EQ Advisors Trust is part of New York-based AXA Equitable Financial Services, LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.