According to Morningstar's Jeff Holt, eight of the top10 TDF providers now offer a version in CIT form, anotherconsequence of plan sponsors' and retirement investors' demand forlower cost options. (Photo: Shutterstock)
Assets in target-date mutual funds declined last year for thefirst time since 2008, as strong net new flows were not enough tooffset a down year for equities.
Mutual fund TDFs held $1.09 trillion at the end of last year,down from $1.11 trillion at the end of 2017, according toMorningstar's recently released Target Date Fund Landscapereport.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
