Top Portfolio Products: New Target Volatility Portfolio From Fidelity

PFEM is based on the Citi RAFI Bonds Sovereign Emerging Markets Extended Local Currency Index, which measures the potential return of a portfolio of bonds issued by the national governments of 18 emerging-market countries, all in the respective local currency. PFEM will generally invest at least 80% of its total assets in bonds that comprise the index. As of April 30, the index included bonds issued by the national governments of Brazil, Chile, China (offshore), Colombia, the Czech Republic, Hungary, Indonesia, Israel, Malaysia, Mexico, Peru, the Philippines, Poland, Russia, South Africa, South Korea, Thailand and Turkey.

3) Prudential Retirement, Wells Fargo Offer Guaranteed Lifetime Income Solution

Prudential Retirement and Wells Fargo announced that they will make Prudential Retirement Insurance and Annuity Co.'s guaranteed lifetime income solution, Prudential IncomeFlex Target, available to their more than 3,000 defined contribution retirement plans, covering more than 3 million plan participants. Prudential Retirement is a business unit of Prudential Financial, Inc.

Prudential IncomeFlex, for defined contribution plans, provides participants with guaranteed lifetime income, potential for growth, downside protection for retirement income and complete access to their market value. 4) ING U.S. Adds New Investment Strategy

ING U.S. announced recently that it has introduced a new investment strategy within its variable universal life (VUL) insurance and ING Select Advantage IRA mutual fund custodial account products. The ING Global Perspectives Fund (IAPVX), managed by Douglas Cote, chief market strategist at ING U.S. Investment Management, offers a balanced approach to asset allocation with a focus on broad diversification and tactical allocation changes based on key market drivers. The fund was available to ING U.S. Insurance Solutions VUL and Select Advantage customers starting May 1.

Within ING U.S. Insurance Solutions VUL products, the Global Perspectives Fund is available for both in-force and new policyholders who can place some or all of the cash value portion of their life insurance policy into the strategy. This approach may alleviate some of the concerns that market volatility creates and help round out a policyholder's financial portfolio.

Read the May 3 Portfolio Products Roundup at AdvisorOne.