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New ETFs Target Retirement Market: First 'Lifecycle' ETFs Aimed at Long-Term Investors in 401(k) Plans
MarketWatch 
Oct. 15, 2007 Excerpt: In a bid to crack the 401(k) nut, TD Ameritrade Holding Corp. subsidiary Amerivest Investment Management LLC and XShares Advisors have partnered to create a family of the first 'lifecycle' ETFs. Also known as target-date funds, these offerings have been extremely popular choices in retirement plans when offered as mutual funds. The investment products are designed to provide investors with diversified exposure to bonds, U.S. stocks, foreign companies and other asset classes. MORE >> |
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