Vanguard is planning to offer three market-neutral funds-of-funds specifically designed for retirees in that they will make regular monthly payments yet preserve the capital and, thereby, continue to expose investors to the markets.

The three funds are Managed Payout Real Growth, Managed Payout Moderate Growth and Managed Payout Capital Preservation, which will aim to return annual payout levels of 3%, 5% and 7%, respectively.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.