has a new story that looks at the struggles of target-date fund sponsors.
notes that four fund shops left the target date field this summer
], Goldman Sachs Asset Management
], and Columbia
], and American Independence
Not all firms have dumped the fund category though. Barron's
notes that, in this order, Fidelity [profile
], Vanguard [profile
] and T. Rowe Price [profile
] account for about 75% of target-date assets. Eight more firms count more than $5 billion in their target-date fund families. Another 33 families are treading water, if that.
To read more about the challenges of this fund class, turn to the Barron's article
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