Fiserv Offers Collective Investment Funds to Retirement Plans

April 11, 2006 ( - Fiserv Investment Support Services (Fiserv ISS) has expanded its Collective Investment Funds (CIF) platform for retirement plans.

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 .