Products August 8, 2007
Northern Trust Launches Target Date Funds for DC Plans
August 8, 2007 (PLANSPONSOR.com) - Northern Trust
will offer to defined contribution plans target date
collective funds that are globally diversified and
incorporate inflationary hedge asset classes such as global
real estate and commodities, in addition to a core allocation
to stocks and bonds.
Reported by Adrien Martin
The funds will be managed by Northern Trust Global Investments (NTGI) and will be offered in five-year increments with retirement dates beginning in 2010 through 2050.
According to Susan Czochara, senior product manager for NTGI, the two approaches to the funds will be a blended index or a blended enhanced strategy, which provide diversified exposure in a risk- and cost-efficient manner.
For more information, visit http://www.northerntrust.com .