Published on 21 Jan 2024 on Zacks via Yahoo Finance

3 NY Life Invest Mutual Funds for Superior Returns

New York Life Investments, which was established in 1986 and whose parent company is New York Life Insurance Company, manages $687 billion in assets. Offering a diverse range of mutual funds with an average expense ratio of 1.07%, the company provides clients access to specialized investment teams through its affiliated boutiques. With over half of its mutual funds falling within this cost-effective range, New York Life Investments combines financial expertise with a commitment to building sustainable, long-term relationships, making it a compelling choice for investment.

Investing in NY Life Invest mutual funds seems to be judicious as of now. Also, mutual funds, in general, diversify portfolios without several commission charges that are mainly associated with stock purchases and trim transaction costs (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).

We have, thus, chosen three NY Life Invest mutual funds that investors should buy now for the long term. These funds possess a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and expense ratios considerably lower than the category average. So, these funds have provided a comparatively strong performance along with lower fees.