Research firm BrightScope announced Tuesday the top 15 mid-cap funds in the defined contribution industry.
BrightScope, based in San Diego, studied its databases of more than 50,000 plans, representing nearly 90% of all assets in the 401(k) and DC universe, to come up with a list of the top mid-cap funds by total distribution.
"Mid-cap funds often receive little attention from plan sponsors when reviewing their retirement plan's investment menu with consultants and advisors," Mike Alfred, co-founder and CEO of BrightScope, said in a statement. "Despite a general perception that mid-cap funds may have peaked in terms of distribution in retirement plans, opportunistic investment managers are still pursuing new mandates in this asset class as vigorously as ever."
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