Products December 11, 2013
Prudential Launches Target-Date Fund Series
December 11, 2013 (PLANSPONSOR.com) – Prudential has launched Prudential Day One Funds, its target-date fund series.
Reported by Kevin McGuinness
The funds were created based on Prudential’s analysis of real savings rates from 850,000 retirement plan participants. According to the company, the funds include a broad array of domestic and foreign equities, fixed income and nontraditional strategies such as real estate and commodities, to provide competitive returns via a four-year track record and an enhanced level of diversification.
A version of the funds is available for use with Prudential IncomeFlex Target, Prudential’s in-plan guaranteed retirement income solution.
More information is available here.