Fundsters interested in the 401(k) business may want to take a look a Pensions & Investments
. Today P&I's Douglas Appell reported
on the results of the trade pub's annual survey. Among other things, P&I found that assets in the top 25 target date fund families grew 35 percent in 2010 to $156.6 billion, compared to a rise of 17 percent (to $1.606 trillion) in defined contribution assets with the top 25 money managers and a 15.06 percent rise in the S&P 500.
P&I also ranked the top DC managers by assets and revealed their growth rates. The top four, not surprisingly, were Fidelity
] ($433.8 billion, up 10 percent), Vanguard
] ($320.7 billion, 19 percent) , Capital Group
's American Funds
] ($232.2 billion, 7.5 percent) and Pimco
] ($107/3 billion, 20 percent). Of the top 10, only money market giant Federated
] saw its DC assets decline in 2010, by 0.20 percent to $30.88 billion, which dropped it to ninth.
Neil Anderson, Managing Editor
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