For more stories like this, sign up for the PLANADVISERdash daily newsletter.
Products October 30, 2013
BNP Offers U.S. TIPS to DC, DB Plans
BNP Paribas Investment Partners Trust Company added a share class to offer employer-sponsored retirement plans access to its U.S. Treasury Inflation Protected Securities (TIPS) comingled investment fund.
Reported by John Manganaro
BNP affiliate Fischer Francis Trees & Watts (FFTW) manages the new share class, as well as the wider FFTW U.S. TIPS Fund. The share class is offered to both qualified defined contribution (DC) and defined benefit (DB) plans.
BNP managers said their firm developed the share class to meet demand as more employer-sponsored retirement plans offer stand-alone U.S. TIPS options for participants.
Patrick O’Hara, director of defined contribution business development for BNP, said the fund takes on a pure-play strategy that relies primarily on inflation-linked bonds and nominal sovereign bonds in seeking to generate incremental returns over the Barclays Capital U.S. TIPS Index.
You Might Also Like:
September Shows Slight Decline in Funding Status for Most DB Plans
The majority of pension consultancies report liabilities edged out strong market results.
401(k) Traders Shifting to Fixed Income
There is a ‘rebalancing’ happening after four consecutive quarters of a lean toward equity investing, according to Alight data.
Mutual Funds Maintain Lead in DC Adviser-Sold Market
DC adviser-sold plans recorded strong sales overall in Q1 2024, according to ISS Market Intelligence.