May 11, 2007 at 1:17 am by Tom Lydon
Exchange traded funds (ETFs) continue to make their way into the retirement market. 401kDirect Network introduced 12 ETF CIFs (Collective Investment Funds) available to qualified plans via 401k professionals. The ETF CIFs are sub-advised by ETF managers, such as Barclays and State Street. The press release explains CIFs pool ETF assets, allowing customized, asset allocation solutions at a lower cost to multiple plans.
As demand for ETFs increases, we continue to see innovative ways for ETFs to penetrate the 401k marketplace.
Tags: Retirement
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