The MainStay division of New York Life Investment Management is planning a series of five MainStay Retirement Funds, target-date funds with retirement dates spanning from 2010 to 2050. NYLIM’s equity investors group will manage the funds and New York Life Retirement Plan Services will distribute them.

Unlike other target-date funds, these will be highly diversified, investing in multiple sectors within U.S. and international equity, fixed income, real estate investment trusts, commodities, treasury inflation protected securities and market-neutral strategies.

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