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Thursday, October 05, 2006

Seligman Expands Target-Date Lineup

by: Armie Margaret Lee

Seligman Advisors' family of target retirement funds has grown by two. The New York-based firm has added funds that will mature in 2035 and 2045, bringing the number of offerings in its roster of TargetHorizon ETF portfolios to five.

In October last year, Seligman launched target funds set to mature in 2015 and 2025, along with the Seligman TargetFund Core, which is aimed at those in or approaching retirement, as well as those who plan to withdraw from invested assets.

Each of the funds require a minimum initial investment of $1,000.  

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