Manning & Napier Target 2050 Series Class I (MTYIX)
Manning & Napier Target 2050 Series Class I operates in the Asset Management industry of the Financial Services sector, headquartered in Fairport, NY. The stock last traded at $10.04, up 1.01% on the session, giving a market capitalisation of $34.5M. Its beta of 1.40 implies it has historically moved more than the broad market.
This fund's primary goal is to achieve significant long-term capital appreciation while simultaneously aiming to mitigate portfolio volatility, aligning with its current investment mix. It pursues this objective by allocating capital to a diversified selection of underlying funds, guided by a specific target asset allocation strategy. These underlying portfolios, in turn, implement their own asset allocation approaches, deploying investments across various equity, fixed income, and cash instruments. The fund also retains the flexibility to invest directly in individual equity and fixed income securities, along with cash equivalents, such as money market instruments.
Manning & Napier Target 2050 Series Class I is most often compared with the following Financial Services names: