T.Rowe Price Group (TROW) has introduced a new mutual fund for people who are saving for retirement, increasing its roster of those funds to ten.
The latest offering, the Retirement 2045 fund, is aimed at investors who plan to retire around that year. The fund, like Price’s other retirement funds, invests in 12 of the company’s mutual funds. The new fund currently has 93% of its assets in stocks, and 7% in bonds.