In his New York Times
"Your Money" column this week, columnist Rob Lieber
peers under the hood of target date funds. He compares the allocation strategy that Wells Fargo
] uses for participants close to retirement -- conservative and bond heavy -- with the one pursued by managers at T. Rowe Price
], which allocates more aggressively, and he wonders which is the right approach.
Lieber offers insight from Global Index Advisors
' Jim Lauder
, who PMs the Wells target date offerings, and T. Rowe target date PM Jerome Clark
Lieber doesn't offer a verdict on the Wells Fargo vs. T. Rowe Price debate, but he notes that both retirement-services providers have a small share of a market dominated by Fidelity
] and Vanguard
], both of which stand somewhere between Wells and T. Rowe in their appetite for risk.
“No fiduciary,” Mr. Lauder said, “ever lost their job by recommending a Vanguard fund.”
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