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Products August 8, 2007
Northern Trust Launches Target Date Funds for DC Plans
Northern Trust will offer target date collective funds that are globally diversified and incorporate inflationary hedge asset classes such as global real estate and commodities, in addition to a core allocation to stocks and bonds.
Reported by Adrien Martin
The funds, offered to defined contribution plans, will be managed by Northern Trust Global Investments (NTGI) and will be offered in five-year increments with retirement dates beginning in 2010 through 2050.
According to Susan Czochara, senior product manager for NTGI, the two approaches to the funds will be a blended index or a blended enhanced strategy, which provide diversified exposure in a risk- and cost-efficient manner.
For more information, visit http://www.northerntrust.com.
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