Nuveen Investments introduced a line of target-date funds specifically for defined contribution plans on Wednesday. Wilshire Associates will handle the funds’ asset allocations on a dynamic basis, paying specific attention to market risk, longevity risk and inflation risk.

“This innovative, instant-diversification product is designed to meet rising institutional demand for a flexible, market-sensitive approach in this category,” said Jam Zovein, managing director at Nuveen. “Historically, many target-date funds fail to give adequate consideration to liabilities.”

The Nuveen Personal Plan Target Maturity funds have target dates of 2010, 2020, 2030, 2040 and 2050.

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