According to the announcement, retirement plan professionals and their plan sponsor clients can choose among CIFs that are sub-advised by portfolio strategists such as Wilshire Associates, PanAgora Asset Management and Barclays Global Investors. Fiserv ISS also offers a series of asset allocation models using Exchange Traded Funds (ETFs) that are sub-advised by ValMark Advisors and CLS Investment Firm.
Pooling assets using CIFs allows asset allocation solutions to be offered to multiple plans at a lower cost, the announcement said. The actively managed allocation models are customized according to a specific investment objective. Some models are based upon a targeted year of retirement while others represent growth or value investment objectives.
Investing the CIF asset allocation models primarily in ETFs gives plan sponsors and participants the benefit of a wide range of asset classes and low cost of ETFs, in addition to trading like a mutual fund within the plan’s recordkeeping system, the announcement said.
More information can be found at www.fiserviss.com .