S&P Dow Jones Indices launched on Thursday an index series to help defined contribution plan sponsors screen and monitor target-date funds.
The series includes a set of multi-asset class indexes and provides separate comparisons for "to" glidepaths and "through" glidepaths.
"As defined contribution plans become increasingly important, we are excited to augment our S&P Target Date Indices lineup to help sponsors take into account both market and longevity risk sensitivity in their fund evaluation process," Craig Lazzara, senior director for S&P Dow Jones Indices, said in a statement.
