While target-date funds seem to be generating most of the buzz these days, target-risk funds actually have more assets, according to a report by Morningstar subsidiary Ibbotson.
After the first quarter of this year, TRFs had an all-time high of $722 billion of assets under management, a 12 percent increase from a year ago, compared to $648 billion in AUM for TDFs.
That is despite the fact that for the first time since Q4 2012, target risk funds saw outflows of $1.5 billion in assets, mainly from conservative-oriented funds.
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