According to an announcement from the company, the investment option is directed to investors who want growth and also want to reduce the risk of market-driven losses during the critical ten years before and after retirement.
The option is different from lifecycle and target date funds, which accept the market risk inherent in any diversified portfolio, the announcement said. Instead, PVG management periodically “hedges” away stock and bond risks, particularly of prolonged declines that can be devastating to retirement withdrawal rates, the press release stated.
More information on the company is here .
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