Principal Unveils Targeted Retirement Portfolios

May 2, 2001 ( - 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.

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.