SPRINGFIELD, Mass., March 15, 2013 /PRNewswire/ -- MassMutual's Retirement Services Division took home one of the "big 8" 2013 Lipper U.S. Fund Awards for Excellence at an event held at Cipriani in New York on March 14.
MassMutual garnered the top award for the Best Mixed-Asset Small Company Fund Group, ranking #1 out of 37 eligible contenders. The MassMutual RetireSMART(SM) Target Date Funds Series and MassMutual Premier Balanced Fund, Class S (MBLDX) were the MassMutual Funds that drove the win in the category. Currently, more than 900 retirement plans have chosen to offer the MassMutual RetireSMART Target Date Fund Series.
MassMutual Select Overseas Fund, Class S (MOSSX), was also named a winner in the Lipper International Large-Cap Core Funds category for the 5-year period. Currently, more than 450 retirement plans on MassMutual's platform have chosen to offer MassMutual Select Overseas Fund as an investment option."The MassMutual Funds rely on multiple managers and include a wide variety of investment choices to meet the needs of retirement plan participants and the retirement plan sponsors and advisors who support them. The Lipper Fund Awards are a testament to MassMutual's commitment and winning results," says Eric Wietsma, senior vice president and head of investment services for MassMutual's Retirement Services Division. "The Funds in the RetireSMART Target Date Series reflect the depth and strength of the MassMutual Funds," says Bruce Picard, CFA, portfolio manager of the MassMutual RetireSMART Funds. "Our strategies emphasize consistency by design, and these Lipper Fund Awards demonstrate the value of MassMutual's approach to helping participants retire on their own terms." The Lipper Fund Awards honor mutual funds, hedge funds, and fund management firms for delivering stronger and more consistent performance than peers. Lipper uses its proprietary quantitative fund rating methodology to determine winners.