This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manning & Napier Launches Actively Managed, ETF-Based Target Date Solutions

Manning & Napier, (NYSE: MN), (Manning & Napier or the Company) recently announced the launch of the Manning & Napier Goal Collective Investment Trust (CIT) Funds, a suite of ten actively managed target date funds which will invest in a variety of exchange-traded funds (ETFs). The Manning & Napier Goal CIT Funds provide an opportunity for active management at a lower cost structure while maintaining diversification of asset classes, market sectors, and securities through ETFs.

The Manning & Napier Goal CIT Funds range from an Income fund to a 2055 fund and will be built using the same active asset allocation approach the Company has implemented for more than 40 years. The active approach allows for flexibility to shift portfolio assets away from over-valued sectors and towards areas of lower risk. Utilizing a team-based investment strategy, the Goal CIT Funds will be overseen by the Company’s Senior Research Group.

“Manning & Napier Advisors, LLC was offering active life cycle solutions long before the market recognized the value of such products,” said Patrick Cunningham, Chief Executive Officer. “The Goal CIT Funds are consistent with our philosophies in target date product innovation by providing a common sense, active approach to investing in ETFs while focusing on participant outcomes. We consider these to be a logical extension of our current offerings that utilize a flexible glide range, which enables both age-based and environment-based adjustments over time.”

The Manning & Napier Goal CIT Funds will be offered with an expense ratio of 0.34%, excluding ETFs fees. The Goal Funds will initially be offered with a single, no revenue share unit class (U Class) to meet the needs of plan sponsors who desire the highest degree of fee transparency.

“The ETF market has matured to a point where we can actively manage the funds, and this maturity is now allowing us to price the offering at a level more in line with passively managed products,” said Cunningham.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs