Vanguard Announces New Target Retirement Growth Trusts with Higher Equity Allocation
Vanguard has announced the upcoming launch of its Vanguard Target Retirement Growth Trusts, a new series of collective investment trusts designed for employer-sponsored retirement plans. Unlike the existing target-date lineup, this new series maintains a higher allocation to equities throughout the glide path, aiming to provide greater long-term growth potential for investors with a higher risk tolerance. The product is expected to be available later this year and builds upon Vanguard's established research-driven approach used in its standard Target Retirement Funds. This expansion follows the recent introduction of Lifetime Income Trusts, signaling Vanguard's ongoing strategy to diversify its retirement solutions to meet varying workforce needs regarding risk appetite and income objectives.
Topics: Asset Allocation Collective Investment Trusts Retirement Savings Target-Date Funds