Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Principal Pushes Asset Allocation in Retail Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 4, 2006

The Principal Pushes Asset Allocation in Retail

Reported by Marie Glancy

In an effort to increase the distribution of its fund family and catch rollover business, The Principal Financial Group has packaged and relaunched as a suite of three asset allocation initiatives targeted at financial professionals. The suite's distinct components, taken together, represent a drive to push retail sales of the Principal Investors Funds, a family encompassing 55 funds.

The newly compiled asset allocation package includes the target date Principal LifeTime Funds, which have been available for five years to the institutional market and several months to retail customers; Principal's Path for Growth and Path for Income risk-based portfolios, which are made up of Principal Investors Funds and have been in place for several years; and the Principal Managed Portfolio, a mutual fund wrap program with which Ibbotson Associates assists, helping select underlying funds.

Kyle Selberg, marketing director for retirement and investor services at The Principal, told the MFWire that the time is right to introduce an asset allocation campaign. "Asset allocation programs ... are growing incredibly in terms of popularity and gaining market share," he said. The suite will help "to streamline and make it easy for our retail customers and intermediaries" to review and utilize available services, he explained.

Selberg confirmed that The Principal's development of a structured retail asset allocation program is in large part a bid to bring satisfied 401(k) customers on board as rollover clients. "We wanted to, again, make things easy for both the broker and the retail customer by helping them essentially map over ... to a retail rollover solution," he said. Ibbotson is now performing on the retail side the same function it fulfilled for 401(k) accounts, he added.

In launching the suite, the Des Moines, Iowa-based firm emphasized the value of asset allocation in helping investors survive market dips and ultimately profit from their investment decisions. A press release cited a 2003 study, Dalbar Quantitative Analysis of Investor Behavior, which showed that investors hold asset allocation funds 32 percent longer than other funds over a ten-year period.

Selberg's statement described the suite as a way of "inviting financial professionals to let us manage the money so they can spend their time managing their existing client relationships and more time cultivating new ones."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  2. IDC webinar - A Primer on Digital Assets, Tokenization, and Distributed Ledger Technology, September 3
  3. WE U.S. - Women in Finance brunch at Dallas Securities Traders Association conference, September 4
  4. FutureProof Festival, Sep 7-10
  5. WE SoCal - Welcome Mixer at FutureProof, September 8
  6. WE US - ICI conference luncheon, September 8
  7. ICI ETF Conference, Sep 8-10
  8. WE Chicago - Unstoppable: A Journey of Resilience and Redefining Limits, September 9
  9. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  10. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  11. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  12. WE San Francisco - Annual Networking Event, September 11
  13. 2025 MMI Institutional Forum, September 11
  14. IDC webinar - Distribution for Fund Directors: Evolution and Trends, September 15
  15. IMEA Content Management Roundtable, September 16
  16. IMEA 2025 Star Awards Celebration, September 16
  17. IMEA Marketing Summit, Sep 16-17
  18. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  19. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  20. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  21. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  22. IMEA Portfolio Construction Roundtable, September 24
  23. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  24. IMEA Models Roundtable, September 25
  25. Expect Miracles Atlantic Coast Classic 2025, September 29
  26. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use