MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 22, 2012 Barron's Reviews the Recent Target Date Closings Barron's has a new story that looks at the struggles of target-date fund sponsors. Barron's notes that four fund shops left the target date field this summer: Oppenheimer [profile], Goldman Sachs Asset Management [profile], and Columbia [profile], 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. Printed from: MFWire.com/story.asp?s=41739 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |