According to a news release from AARP Financial, each fund is designed to serve as a complete mid- to long-term investment portfolio for the 50-plus investor.
“AARP Financial and the AARP Funds were created to assist AARP members and Baby Boomers prepare financially for retirement,” said Larry Renfro, President of AARP Financial, in the news release. “It is no secret that individuals are not saving enough for retirement. We believe investors are overwhelmed by the numerous investment choices available in the marketplace and the difficulty of assembling and managing a retirement portfolio on their own. Our goal at AARP Financial is to simplify the investment process, by offering products and services aimed to help people achieve a financially secure retirement.”
The AARP Funds incorporate five principles of investing: low fees, indexing, diversification, rebalancing and simple choices, according to the announcement.
The three AARP Funds include:
- AARP Conservative Fund
- AARP Moderate Fund
- AARP Aggressive Fund.
Each of the funds invests in a diversified mix of stocks, bonds and other securities through a “fund of funds” structure and allocates its assets across three underlying portfolios, the news release said. The portfolios seek to match the performance of market indexes for US stocks (MSCI U.S. Investable Market 2500 Index), international stocks (MSCI EAFE Index); and US bonds (Lehman Brothers Aggregate Bond Index).
More information is at http://www.aarpfinancial.com .
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