The allocation process for a target-date fund may be more than shifting from equities to fixed income over time. Instead, to maintain an appropriate balance at different lifecycle stages, there may be ...
When target-date funds were launched in the 1990s, their marketers explained their strategies. Target-date funds did something different. While conventional balanced funds held steady asset ...
My colleague John Rekenthaler recently observed that the problem with target-date fund research is that researchers need to find dramatic conclusions to get any attention, and this has led to ...