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Rating:Nationwide Readies Target-Date Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 18, 2007

Nationwide Readies Target-Date Funds

by: Armie Margaret Lee

Nationwide is the latest to hop on the target-date bandwagon. The mutual fund arm of the Columbus, Ohio-based Nationwide Financial communicated its intent to roll out nine target-date funds and a retirement income fund in an SEC filing last week.

The funds will invest in underlying portfolios of Nationwide Funds and unaffiliated funds, including ETFs.

Called Nationwide Destination, the target-date funds come with maturity dates set at five-year intervals from 2010 through 2050.

Nationwide plans to offer six share classes: A, C, R1, R2, Institutional Service and Institutional.  

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