The preponderance of data through the end of March showed 401(k)investors were mostly resistant to panic during massive marketselloffs due to the Covid-19 pandemic. But new data is showingnear-retirement target-date fund investors redeemed savings atunusually high rates during March, according to Morningstar.
The data is "a sign of how much fear gripped investors inMarch," said Jason Kephart, senior manager research analyst atMorningstar.
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