Franklin Templeton Investments on Tuesday became the latest entrant to the target date party. The San Mateo, California-based firm started offering four actively managed fund-of-funds with maturity dates representing 10-year intervals from 2015 to 2045.

The Franklin Templeton Retirement Target Funds will invest in underlying Franklin Templeton funds and will shift toward an increasingly conservative allocation as their target year nears.

With the launch, Franklin Templeton is rounding out its product line, said Bob Geppner, senior vice president and national sales manager, in an interview. Describing the timing of the rollout as "good," Geppner noted that an increasing number of investors are seeking products that offer diversification and rebalancing.  

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