teamed with BrightScope Inc.
, a San Diego,
California firm specializing in providing 401(k) ratings, for a close look
at turnover in target-date funds, and found that target-date funds sponsored by Putnam Investments
] and MFS Investment Management
] are among those with higher-than-average numbers.
Citing BrightScope data, the pub reports that the average target-date fund turnover is 23.5 percent a year.
In the case of Putnam, the Boston firm's target-date family saw turnover of 83.2 percent over the past three years, while MFS' offerings had 37.7 percent. Others on the above-average list include DWS Investments
], Fidelity Investments
], GuideStone Financial
], JPMorgan Asset Management
] and Principal Financial Group
Armie Margaret Lee
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