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Prudential Launches TDF Series
<!--StartFragment-->Prudential has launched Prudential Day One
Funds, its target-date fund series.<!--EndFragment-->
Reported by PLANADVISER staff
The funds were created based on Prudential’s analysis of real savings rates from 850,000 retirement plan participants. According to the company, the funds include a broad array of domestic and foreign equities, fixed income and nontraditional strategies such as real estate and commodities, to provide competitive returns via a four-year track record and an enhanced level of diversification.
A version of the funds is available for use with Prudential IncomeFlex Target, Prudential’s in-plan guaranteed retirement income solution.
More information is available here.