Products June 2, 2002

Smith Barney Offers Lifestyle Funds

February 6, 2002 (PLANSPONSOR.com) - Smith Barney Corporate Trust Company has expanded its offerings for qualified employee benefit plans to include four LifePath Portfolios - with the aim of simplifying asset allocation for retirement planners.

Reported by

Camilla Klein

The Portfolios are sub-advised by Barclays Global Investors and are named to reflect the target participant’s approximate year of retirement.

Each Portfolio is a structured fund, which invests in multiple asset classes in the US and abroad. As the retirement date nears, the investment mix is gradually changed in line with the investment time horizon.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter. 

Lifepath Portfolios are designed to eliminate the difficulty of creating a long-term strategy while simultaneously adjusting for current market conditions, according to a news release from Smith Barney Corporate Trust Company.

The newly available funds are:

· LifePath 2010
· LifePath 2020
· LifePath 2030
· LifePath 204