In an effort to cater to investors exact targeted time of retirement,
Mixing stocks, bonds and capital preservation options, the Putnam RetirementReady Funds are designed to become more and more conservative as a retiree nears his or her last day of work.
"This enables investors to pursue maximum returns while seeking to maintain a level of risk appropriate to their investment time horizon," said Richard Monaghan, who heads up the companys retail management business.
The investments are divided into five-year increments, and have maturity dates ranging from 2010 to 2045.
