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- Title
The evidence on target-date mutual funds.
- Authors
Singha, Sandeep
- Abstract
This paper assimilates the knowledge and evidence on target-date mutual funds (TDFs). It begins with a discussion of the environment that contributes to the tremendous growth of TDFs. Next, a survey of the theory and recommendations on glide paths indicates a trend towards focusing on meeting retirement liabilities, rather than optimizing asset only portfolios. A review of performance evaluation metrics for TDFs shows that none of the available indexes possesses all seven characteristics of an ideal benchmark. Plan sponsors can provide better outcomes by offering multiple risk profile TDFs while researchers can focus on improving glide path and benchmark design.
- Subjects
MUTUAL funds; TARGET-date retirement funds; LIFE cycle funds; ASSET allocation; INVESTMENTS
- Publication
Financial Services Review, 2016, Vol 25, Issue 3, p235
- ISSN
1057-0810
- Publication type
Article