Target-date fund sales back up after a dip in 2020
The products had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a report from Morningstar.
Target-date mutual funds saw their sales rebound in 2021, a year after the products experienced their first period of net redemptions.
Last year, U.S. target-date mutual funds had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a r
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