Products June 4, 2009

Great-West Introduces New Target-Date Funds

Great-West Retirement Services today introduced the Maxim Lifetime Asset Allocation Series.
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According to a press release, the Maxim Lifetime Asset Allocation Series provides:

  • Three glide paths,
  • A lifetime investing approach,
  • Third-party consultation,
  • 20 investment managers,
  • 28 underlying funds, and
  • A blend of active and passive investment management.

“We waited until now to introduce a target-date product because we wanted to redefine and enhance the target-date fund category,” said Charlie Nelson, president of Great-West Retirement Services, in the press release. “Through the passage of time and the benefit of 20/20 hindsight, it became clear that first generation target date funds have some limitations. The Maxim Lifetime Asset Allocation Series addresses those concerns.”

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More information can be found at

More information can be found at www.gwrs.com.

 

Products June 4, 2009

ProFunds Announces New International ETFs

ProFunds Group announced the launch of four ProShares ETFs (exchange-traded funds).
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The company says the funds are the first designed to seek twice the daily returns of indexes covering developed foreign markets, emerging markets, China and Japan.

The new ETFs, listed on the NYSE Arca, are:

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  • Ultra MSCI EAFE (ticker: EFO)
  • Ultra MSCI Emerging Markets (EET)
  • Ultra FTSE/Xinhua China 25 (XPP)
  • Ultra MSCI Japan (EZJ)

“With some international markets posting strong year-to-date returns, investors are expressing interest in tools that allow them to gain magnified exposure to these markets,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “These new ETFs complement our existing ETFs that are designed to provide short (or inverse) exposure to the same international indexes. Over the coming weeks, we plan to further expand our international offerings with ETFs covering more regions and specific countries.”

More information is available at www.proshares.com.

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