Products April 24, 2007
State Street Alters Asset Allocations for Target Date Funds
April 24, 2007 (PLANSPONSOR.com) - The investment
management arm of State Street Global Advisors has made some
asset allocation changes to its target date fund strategies
to better generate retirement income for investors.
Reported by Adrien Martin
The Boston-based asset manager announced that the new asset class adjustments for its target date funds include:
- Greater international exposure to its target date portfolios,
- Treasury Inflation Protected Securities, credit bonds and stable value investments; and
- An adjusted asset-allocation glide path to have a modest increase in the ending equity allocation in retirement.
“We regularly conduct reviews of our strategies, but these changes together address larger secular changes in the marketplace, most important of which are longer life expectancies and a changing retirement landscape particularly the transition to retirement and the early retirement years,” Gary Conway, vice president of the business development team at State Street, said in a news release. “We believe the adjustments to our Target Retirement strategies successfully address these and other market changes.”
You Might Also Like:
Plan Sponsors Should Be Intentional When Adding Managed Accounts
Standard benchmarking may not yet cover such offerings, but plan sponsors can monitor participant satisfaction, plans’ stated objectives.
DCIIA Provides QDIA Selection Advice to Plan Sponsors
Plan sponsors should consider their participants’ retirement income needs, ease of use, personalization and cost when evaluating qualified default investment...
How Plan Sponsors Make Sure Their QDIA Is Still the Best Option
Large plan sponsors explain what they look for in quarterly reviews of their plans' qualified default investment alternatives.