Dow Jones Indexes launched a series of benchmarks for lifestyle funds, which are often used in defined contribution plans, said Ridgely Walters, senior director for client development and sales at Dow Jones. The Dow Jones Target Date indexes and Dow Jones U.S. Target Date indexes each comprise 10 indexes with target dates set at five-year intervals out to 45 years.
The global index series has been licensed to State Street Global Advisors, which has relaunched an existing series of portfolios as target retirement date funds.
