Products October 5, 2005

Seligman Announces ETF Portfolios

October 5, 2005 (PLANSPONSOR.com) - Seligman Advisors, Inc. has introduced Seligman TargetHorizon ETF Portfolios, a series of mutual funds that combine exchange traded funds (ETF) with target-date funds.
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A Seligman news release said that Seligman Target Horizon ETF Portfolios consist of the following three funds:

  • Seligman Targ ETFund Core, which is intended for a person who is retired or expects to retire within a short time or otherwise intends to seek withdrawals from invested assets.
  • Seligman Targ ETFund 2015, which is intended for a person who expects to retire or otherwise reach his/her investment goal around the year 2015.
  • Seligman Targ ETFund 2025 which is intended for a person who expects to retire or otherwise reach his/her investment goal around the year 2025.

Each fund is structured as a fund-of-funds that invests substantially all of its assets in ETFs.  The underlying asset allocation is based on Seligman’s unique Time Horizon Matrix risk management strategy.

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Jack Cunningham, Managing Director of J. & W. Seligman & Co. and Chief Investment Officer, joins Charles Kadlec, Seligman Managing Director, as Co-Portfolio Manager of Seligman Target Horizon ETF Portfolios.

Each of the funds will offer Class A, Class C, Class D, Class R, and Class I shares .  The minimum initial investment will be $1,000 and minimum subsequent investments will be $100, according to the announcement.

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