NU Online News Service, Nov. 1, 2004, 4:22 p.m. EST
One of the biggest U.S. financial services companies is joining the asset allocation movement.[@@]
MetLife Inc., New York, says its investment strategies group will be offering a family of 5 asset allocation portfolios for sponsors of small and midsize retirement plans.
The portfolios give plan members who are uncomfortable with managing their own retirement assets a chance to turn management duties over to professionals.
The portfolios range from a conservative portfolio that will invest only 20% of assets in stock to a very aggressive portfolio that will invest 100% of assets in stock, MetLife says.