Although the target-date fund universe lost four funds in 2012, 401(k) participants as a whole are shedding fears brought on by the 2008 financial crisis and returning to the investment vehicle, BrightScope and Target Date Analytics reported Tuesday in their "Popping the Hood VI" report.
The net number of target-date fund families fell to 48 in 2012 from 50 in 2011, yet TDFs saw a 20 percent increase in assets under management from 2011 to 2012, according to the 200-page report, which provides a detailed analysis of target-date funds and fund families.
See also: Overhaul of TDFs in the works
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