New target portfolios are customizable; AllianceBernstein says product is first of its kind.(News)

Investment News,  April, 2007  

Tags: mutual fund

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Byline: Kathie O'Donnell BOSTON - AllianceBernstein Holding LP is offering what it believes are the first target date retirement portfolios that allow companies with large retirement plans to customize investment strategies. Unlike traditional target date mutual funds, where fund companies pick the underlying investments, AllianceBernstein is offering target date portfolios that allow employers to decide to what degree a fund is either actively or passively managed.

Each portfolio invests in a set of collective investment trusts that represent such asset classes as ...

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