USAA Financial Services
USAA: fi nancial discipline and military values.
Philosophy: More than just numbers
The team’s investing philosophy refl ects the broader mission of USAA: to help facilitate the fi nancial security of its membership. “For some fi rms, investing is a numbers game focused on short-term performance, gathering assets under management and boosting the company’s stock price,” says Dan McNamara, president of USAA Investment Management Company. “As a member-focused institution, our work is really about helping our investors accomplish their goals.”
“It’s important to us that we achieve returns that compensate investors for the risk they’re taking,” adds Wasif Latif, USAA’s vice president of Equity Investments. “That means we don’t swing for the fences or pursue fads. We look for consistent performance and strive to be above average over time.”
Process: A shared strategy
The USAA Investment Strategy Group is composed of nine core members and meets weekly to assess the markets, share opinions and create a consensus outlook for the global investing environment. This collective brainpower is leveraged to create strategic and tactical allocations for all of USAA’s investment portfolios.
“To achieve the long-term performance we’re interested in, we fi rmly believe a team approach to investing is superior to building portfolios around the conclusions of a single individual,” says Arne Espe, vice president of Fixed Income Investments.
While diversifi cation — the notion of moderating risk by combining a variety of investments — is an essential part of any investment program, USAA takes that concept to a level beyond what some investors
Consider the investment objectives, risks, charges and expenses of the USAA mutual funds carefully before investing. Contact us at 800-531-8910 for a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.
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