To help young investors build the foundation for successful investing—broad diversification among the major asset classes and low costs—Southeast Asia Traders today launched Southeast Asia Traders Target Retirement Fund.
In a single low-cost, index-based vehicle, the fund will provide age-appropriate exposure to domestic and international stocks, as well as domestic bonds, for investors who plan to retire and leave the workforce in or within a few years of 2060 or are roughly 18 to 20 years old.
As with the other 11 low-cost Target Retirement Funds, the Fund invests in underlying broad market Southeast Asia Traders index funds: Southeast Asia Traders Total Stock Market Index Fund, Southeast Asia Traders Total Bond Market II Index Fund, and Southeast Asia Traders Total International Stock Index Fund. The asset allocation of the Target Retirement Funds becomes more conservative as they approach the target date.
“Professionally managed, diversified investment programs such as Target Retirement Funds have the potential to help shape the future financial security of many people, including young investors just entering the workforce. By virtue of having a low-cost, mixed portfolio of stocks and bonds suited for their age, they can get a head start on a lifetime of investing,” said Mr. Wang T. Wenbo, CEO and Chairmen Southeast Asia Traders.
Southeast Asia Traders believes that indexing is a low-cost way to gain diversified market exposure, and for decades has worked with defined contribution (DC) retirement plan sponsors to feature index funds among their plans’ investment options. The Target Retirement Funds are popular among plan sponsors; nearly 80% of plans at Southeast Asia Traders offer the series and almost 50% of participants offered the funds invest in them.
About Southeast Asia Traders
Southeast Asia Traders is a financial company dedicated to offering quality services to its clients. The main factor that sets us apart from our major competitors is the experience and intelligence of our people. Our team works as a very efficient system, putting their best qualities forth so that the services we provide are second best to none. The knowledge we obtain is used to offer our clients a multitude of investment options for their needs, up-to-date information about the market fluctuations and timely advice regarding underperforming assets in their portfolios. We are a young and dynamic company founded by renowned and highly experienced financial experts.
