Target-date funds have attracted a lot of attention of late. They are designed to manage asset allocation based on age by mixing bonds and stocks to create a portfolio for people who plan to retire at a specific time. The fees are somewhere between the low ones charged by most index funds and the higher fees assessed by most actively-traded mutual funds.
Intuitively, these funds are appealing. Many people have similar risk profiles. It makes sense to group investors by time horizon so that expe…
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Posted on July 30, 2009 at 1:10pm —
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