Products
Amerivest, XShares Launch Lifecycle ETFs
Amerivest Investment Management, LLC, a subsidiary of TD AMERITRADE Holding Corporation, has announced a partnership with XShares Advisors LLC to launch TDAX Funds, Inc. – an exchange-traded funds (ETFs) portfolio.
Reported by Adrien Martin
The target-date funds begin by focusing on asset growth through a higher weighting to stocks and shift to capital preservation over time through historically less-risky allocations. A press announcement said the funds seek to replicate certain lifecycle indexes created by Zacks Investment Research (See Zacks Launches Securities-Based Lifecycle Indexes).
There are five TDAX Independence ETFs available, each with strategies defined by an investment horizon and target date.
Those with a specific withdrawal date in mind can select:
- TDAX Independence In-Target ETF
- TDAX Independence 2010 ETF
- TDAX Independence 2020 ETF
- TDAX Independence 2030 ETF
- TDAX Independence 2040 ETF
More information is at www.tdaxshares.com.