Nuveen added direct real estate investments as part of the allocation in its target-date fund series, the TIAA-CREF Lifecycle Funds
, according to a recent announcement.
Nuveen, a global investment manager, has added direct real estate investments as part of the allocation in its award-winning target-date fund series, the TIAA-CREF Lifecycle funds
, the company said.
As a result, the last 10 years have seen an evolution in products and services such as lifecycle funds
, collective investment trusts (CITs) and managed accounts.
The next tier is balanced funds and managed accounts, he says, followed by target-date funds (TDFs) or lifecycle funds
Employees benefit, said TIAA-CREF's Walsh, because lifecycle funds
are professionally managed, take age-based considerations into account, and are periodically rebalanced to move assets from equity investments to fixed-income investments appropriate for retirees.
Now there are other choices: how will the construction of lifecycle funds
Findings on lifecycle funds
, including target-date funds and target-risk funds, show the focus shifting from asset maximization to liability matching.
Also known as lifecycle funds
, these funds are designed to offer a diversified portfolio that automatically rebalances to be more focused on income over time.
As with so-called lifestyle or lifecycle funds
, distribution funds typically are offered as part of a group.
Qualified default investment alternatives--known as lifecycle funds
or pre-mixed funds--are a positive way to simplify portfolio allocation decisions.
A recent survey of more than 200 large employers by Aon Hewitt shows 83% offer either targetdate or lifecycle funds
in their 401(k)s, and more than a third of the remaining companies are considering doing so.
To gain access to alternative asset classes in a plan that doesn't provide a direct option for investing in them, he suggests looking at target-date, target-risk or lifecycle funds
, some of whose models include alternative asset classes.