Responding to the growing popularity of lifecycle funds, OppenheimerFunds has launched such a series. The four funds are: Oppenheimer Transition 2010, Oppenheimer Transition 2015, Oppenheimer Transition 2020 and Oppenheimer Transition 2030.

“Often when investors try to build portfolios on their own, they let emotions interfere with their decisions, and try to time different sectors of the market,” said Jerry Webman, chief economist at OppenheimerFunds. “Target date funds simplify the process for investors and enable them to rely on professional managers to construct a portfolio that will provide broad diversification and automatic rebalancing through retirement.”

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