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Stock Market News for April 1999
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Guaranteed Income Contracts (GICs)
Stable value funds are a good choice for people who cannot afford to lose any of their principal, says Ray Martin of State Street Global advisers. These funds, also known as Guaranteed Income Contracts or GICs, provide a guaranteed return of principal and a stable rate of return. This makes them particularly suitable for retirees and others who are relying on their principal for future income. |
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