Van Kampen Launches Target-Date Funds

Van Kampen Funds on Tuesday launched the family of Van Kampen Retirement Strategy Funds. The nine target-date funds, with target retirement dates in five-year increments between 2010 and 2050, plus a fund for those already retired, are based on investment strategies determined by Russell Investments and are designed to provide broader diversification and lower risk than other target-date funds.

“The market is evolving to the next generation of target-date funds, where asset allocation founded on pension principles, multi-firm management and a broad range of asset classes are essential elements,” said Andrew Scherer, managing director, U.S. intermediary retail and sales at Van Kampen. “The Van Kampen Retirement Strategies Funds bring next-generation thinking to target-date investing.”