State Street Global Advisors has launched its State Street Retirement IndexPlus Strategy, which will provide access to public and private markets in a diversified strategy for defined contribution plans.
The State Street Target Retirement IndexPlus Strategy will be managed by State Street Global Advisors’ Investment Solutions Group, which manages more than $200 billion in assets. These retirement funds will target a 90 percent allocation to public market exposures and 10 percent to private markets.
Plan participants will have access to public markets through index strategies managed by State Street and diversified portfolio options managed by Apollo.
“Investors are facing a greater need for diversification as they save for retirement, and Apollo is committed to helping develop solutions to meet that need,” said Steve Ulian, Apollo managing director of defined contribution and retirement, in a statement. “The private markets allocation within the State St
