Wells Fargo Funds Management has launched the Wells Fargo Advantage Dow Jones Target 2055 Fund. The new fund will allow the suite of Wells Fargo Advantage Dow Jones Target Date Funds to have a complete product offering that will assist the retirement objectives of all generations of investors.

Global Index Advisors will manage the fund as sub-adviser and generate risk allocation for establishing equity, bond, and cash allocations, , adds PLANSPONSOR. State Street Global Advisors will handle the underlying equity and bond portfolios, while Wells Capital Management will oversee the cash portfolio.

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