Pittsburgh-based Federated Investors
has unveiled three target date mutual funds that invest mainly in exchange traded funds.
Aimed at the retirement market, the Federated Target ETF Fund 2015
, Federated Target ETF Fund 2025
and Federated Target ETF Fund 2035
are managed by vice president and senior portfolio manager John Harris
The funds utilize a blended benchmark with an allocation to the allocation to the Standard & Poor's Composite 1500, Lehman Brothers Aggregate Bond Index and MSCI-EAFE Index.
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