For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products February 5, 2001
Principal Unveils Targeted Retirement Portfolios
May 2, 2001 (PLANSPONSOR.com) - In a bid to simplify
the asset allocation process, the Principal Financial Group
has launched Lifetime, a new series of funds, allowing
retirement investors to select a portfolio tailored to a
target retirement date.
Reported by Camilla Klein
Each LifeTime option is managed and rebalanced in accordance with a specific retirement year, including LifeTime 2010, 2020, 2030, 2040, 2050 and LifeTime Strategic Income, which are tailored in the following ways:
- options for participants with a longer time horizon include a more aggressive investment mix
- portfolios for those close to retirement hold more conservative investments
- LifeTime Strategic Income targets retirees.
The funds are actively managed by Invista Capital Management, the equity asset management arm of the Principal Financial Group.
« Thriving Economy Drives Senate Efforts To Retain Older Workers