MassMutual's Retirement Services Division has launched a new fund, called the MassMutual Barings Dynamic Allocation Fund. The fund features portfolio management by MassMutual affiliate Baring International Investment Limited.

The Fund relies on Barings' multi-asset strategy to combine investment types from across the risk/return spectrum into a portfolio that pursues the fund's objective of positive total real return. It includes stock and bond investments from developed and emerging economies as well as real estate, commodities and other investment vehicles.

"Markets may deliver returns unevenly through the business cycle, so a multi-asset approach can be effective in helping balance risk and return for investors, with reduced volatility, through a combination of strategic and tactical asset allocation," says Mike Eldredge, vice president, Investment Management, MassMutual's Retirement Services Division. "The flexibility of this approach may make this Fund suitable for those seeking active management of their asset allocation holding with the goal of real returns."