Great-West Introduces New Target-Date Funds

According to a press release, the Maxim Lifetime Asset Allocation Series provides:

• Three glide paths,
• A lifetime investing approach,
• Third-party consultation,
• 20 investment managers,
• 28 underlying funds, and
• A blend of active and passive investment management.

“We waited until now to introduce a target-date product because we wanted to redefine and enhance the target-date fund category,” said Charlie Nelson, president of Great-West Retirement Services, in the press release. “Through the passage of time and the benefit of 20/20 hindsight, it became clear that first generation target date funds have some limitations. The Maxim Lifetime Asset Allocation Series addresses those concerns.”

More information is at www.gwrs.com .