The Morningstar Lifetime Allocation Index series
consists of 13 target-date indexes each of which is
available in three risk profiles—aggressive, moderate,
and conservative, according to the announcement. The
index asset allocations adjust over time—even beyond the
stated retirement date—by reducing equity exposure and
shifting toward traditional income-producing and
inflation-hedging asset classes (e.g., bonds and Treasury
The Morningstar Target Risk Index series consists of five asset allocation indexes that span the risk spectrum from conservative to aggressive. All of the indexes are based on asset allocation methodology from Ibbotson Associates, a Morningstar company, the announcement said.
The family of asset allocation indexes can serve as benchmarks to help with target-date, target-risk, and retirement-income product selection and evaluation, or can be licensed to institutions for the creation of investment vehicles like mutual funds, exchange-traded funds (ETFs), or commingled trusts, the company said.
More information is at www.morningstar.com .
« January Saw 'Modest' Stock Fund Gains