Welcome to our dedicated page for Empower Moderate Profile Fund;L news (Ticker: MXGPX), a resource for investors and traders seeking the latest updates and insights on Empower Moderate Profile Fund;L stock.
Empower Moderate Profile Fund (MXGPX) provides investors with a balanced approach through diversified asset allocation and moderate risk management. This news hub serves as the definitive source for tracking all official updates and market developments related to the fund.
Access real-time press releases covering quarterly earnings, strategic portfolio adjustments, and leadership announcements. Investors will find detailed reports on asset allocation changes, regulatory filings, and performance analyses – all curated to support informed decision-making.
Our repository includes essential updates across three key areas: financial disclosures detailing management strategies, operational changes affecting investor positions, and expert commentary on market trends impacting the fund. Regular updates ensure stakeholders maintain current awareness of MXGPX's evolving position in the asset management sector.
Bookmark this page for continuous access to primary source materials and distilled insights. Check back regularly to monitor how MXGPX's management team navigates market fluctuations while maintaining its core moderate-risk philosophy.
Empower reported record Q2 2024 earnings of $236 million, a 19% year-over-year increase. The company's success is attributed to strong organic sales, higher fee income from improved equity markets, and increased surplus income. Empower Personal Wealth saw a 23% growth in assets under administration (AUA) year-over-year, while Workplace Solutions AUA increased by 14%. The company now administers over $1.6 trillion in assets for 18.6 million individuals.
Notable achievements include a 35% year-over-year increase in sales for advisor-sold business plans and significant growth in the public plan sector. Empower serves 29 of 50 state-level plans and supports 4.1 million public workers with over $240 billion in assets. The company also completed the Prudential integration, achieving expected cost synergies of $180 million pre-tax.
