Barclays Global Investors has introduced a family of asset allocation funds to make it easier for investors and advisors to put together and manage a diversified portfolio of ETFs.
The funds are based on S&P target date and target risk indexes and use iShares ETFs.
Barclays defines asset allocation as an investment strategy that seeks to balance risk and reward in a portfolio by spreading investments over several types of asset classes.
The Target Date funds correspond to an anticipated timing need for funding life events such as retirement or paying for college. The Target Risk funds correspond to a particular level of risk tolerance.
The new ETFs include:
iShares Target Date Funds