July 18, 2008 at 1:00 am by Tom Lydon
Some exchange traded funds (ETFs) are going a bit P. Diddy on us. Or is it Puff Daddy? Or Sean Combs? We’ve lost track.
The TDAX exchange traded funds (ETFs) has changed their name. The new name is TDX Independence Funds, effective immediately. Their ticker symbols, as listed on NYSE Arca, will remain the same.
A life-cycle ETF operates under the same asset allocation formula that assumes the investor will retire at a specific, pre-determined date, which is identified in the title of the fund. Over time, the portfolio’s asset allocation becomes more conservative over time so that they stay in line with their objective. These types of funds have other applications, too, such as to save money for a wedding or college.
The ETFs will be known thusly as:
- TDX Independence 2010 (TDD), down 5.6% year-to-date
- TDX Independence 2020 (TDH), down 9.7% year-to-date
- TDX Independence 2030 (TDN), down 12.4% year-to-date
- TDX Independence 2040 (TDV), down 14.3% year-to-date
- TDX Independence In-Target (TDX), up 0.4% year-to-date
