Huntington Bank Launches Investment Retirement Fund Range

Vanessa Doctor

18 October 2011

Huntington Bank, the Ohio-based bank holding company, has launched a series of risk-managed, collective investment retirement funds.

The new target date funds, also known as lifecycle or age-based funds, are designed to become more conservative as their target maturity dates near. Sub-advised by Milliman, the financial risk management firm, the funds are made up of either sub-advised collective investment funds or exchange-traded funds, along with ET futures contracts designed to withstand market unpredictibility, the company said in a statement. These will be offered in ten-year increments and have both a traditional and a volatility glide path.

The funds are called the Huntington National Bank Wealth Preservation Target Date Collective Investments Funds. Huntington serves as trustee and custodian, while Huntingon Asset Services provides fund administration, accounting and transfer agency services.