Great-West Financial today reported that its Great-West Lifetime Funds grew 97% to $3.2 billion for the year ended September 30, 2012, compared to the same period a year ago.
Ibbotson
“The Lifetime Funds are growing in popularity because they offer plan sponsors open architecture with more than 20 different investment managers in a single target date fund, including active and passive funds all delivered in a choice of three different glide paths,” stated Charles Nelson, president of Great-West Retirement Services.
“These attributes, coupled with their strong performance, have been key drivers in their success.”