Van Kampen Funds Inc., a unit of Van Kampen Investments Inc. of Chicago, announced Tuesday that it has launched a family of target-date funds.
The Van Kampen Retirement Strategy Funds consist of nine asset allocation funds with target retirement dates in five-year increments from 2010 to 2050.
Each is structured as a fund-of-funds, investing primarily in a combination of Van Kampen-managed mutual funds and multifirm-managed funds advised by Russell Investments.
Each fund is diversified across nine asset classes, including international equities and real estate securities. The funds invest an increasing amount in inflation-indexed securities as they approach the target retirement date to address the risk of inflation.
As part of the launch, Van Kampen said it will unveil a program for advisers that will provide support for target-date funds.
Van Kampen Asset Management, the funds' investment adviser, is a wholly owned subsidiary of Van Kampen Investments.
Van Kampen had $123 billion of assets under management or supervision, including approximately $30 billion in assets branded by Van Kampen but advised by an affiliate of Van Kampen, as of Aug. 31.