AllianceBernstein to Launch Target Date Series

AllianceBernstein has announced the launch of AllianceBernstein Multi-Manager Select Retirement Funds, a multi-manager target date series to be co-managed with Morningstar Associates, LLC. AllianceBernstein will design and manage the glide path and provide overall program oversight, while Morningstar will select funds from the broad offerings of each participating firm.

The new series will invest in funds managed by leading investment managers in addition to AllianceBernstein, including AQR, Franklin Templeton, MFS and PIMCO. It will also incorporate a broad range of asset classes, including those that seek to provide diversification to stocks and bonds, with the aim of delivering more consistent results and mitigating short-term risk. The funds are expected to be available for purchase by early November 2014.

For more on AllianceBernstein’s value-adds for advisors, visit their NAPA Firm Partner page.