Lifecycle Arena Grows With New BlackRock Funds

BlackRock, Inc. is launching nine new lifecycle portfolios with target maturity dates ranging from 2010 through 2050.
The decision-making process for BlackRock Lifecycle Prepared Portfolios hinge on two strategies, according to the firm:
  • Individual equity and fixed income strategy and underlying fund selection, and
  • Intermediate-term, tactical asset allocation decisions based on the firm’s outlook and valuations of the equity and fixed income markets.
The funds are proprietary funds of funds, currently investing in 12 underlying BlackRock equity and fixed income portfolios. They have a dynamic asset allocation that can vary plus or minus 10% from the glidepath target, Edward Ng, Managing Director of Multi-Asset Portfolio Strategies for BlackRock, told reporters at a luncheon. The Lifecycle Prepared Portfolios moderate risk as the investor approaches the selected retirement date.
In January, BlackRock launched a series of four lifestyle funds, which now have about $75 million in assets.
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