Products March 25, 2008

Principal Funds Expands Target-dates to Five Year Intervals

March 25, 2008 (PLANSPONSOR.com) - Principal Funds has added five new portfolios to its Principal LifeTime funds series.
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Originally offered in 10-year increments, the new target-date portfolios provide Principal LifeTime funds at five-year intervals from 2010 through 2055. According to a press release, the five-year increments are currently available in share classes designed for retirement plan use and institutional class shares.

“Lifecycle funds are a strong choice for most investors. With the addition of five-year increments, Principal LifeTime funds offer an even greater level of choice and flexibility for investors,” said Michael Finnegan, Principal Funds chief investment officer, in the release.

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For more information, go to https://www.principalfunds.com/investor/index.shtm .

Products March 24, 2008

BNY Mellon Launches Alternative Investment Administration Services

March 24, 2008 (PLANSPONSOR.com) - BNY Mellon Asset Servicing has introduced a new suite of alternative investment services for plan sponsors and not-for-profit institutional investors.
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The new services enable clients to better process, manage, account for, and analyze alternative investments, according to a press release. Newly launched services include data administration, reconciliation, document management, “as of” performance measurement, as well as integrated reporting and analysis through the company’s Workbench information delivery system.

“With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labor intensive asset class,” said Eve Kingsley, first vice president and product manager at BNY Mellon, in the announcement.

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BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

More information is here .

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