Report predicts big growth in target-date funds by 2018

11/30/2009 | InvestmentNews (free registration)

A report by Casey Quirk & Associates predicts that target-date funds will make up nearly half of all assets in defined-contribution retirement plans by 2018. The report said the funds will attract 80% of new and reallocated assets between now and 2018. "Target date funds will grow large enough to not only change how asset managers approach the defined-contribution marketplace but also which managers will succeed at growing their 401(k) businesses," David J. Bauer, a co-author of the report, said in a statement.

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