Robert Steyer
Robert Steyer is a Reporter at Pensions & Investments covering Defined Contribution. He Tweets at: @Steyer_PI
Robert Steyer is a Reporter at Pensions & Investments covering Defined Contribution. He Tweets at: @Steyer_PI
After being battered by a rough market in 2008, target date funds continued to face the problems of attracting consistent contributions from participants, controlling the amount of pre-retirement distributions and discouraging investors from bailing out after they retire, according to a report from J.P. Morgan Asset Management.
Target-date funds in Ibbotson Associates' research universe returned an average of 27.1% in 2009, compared to a 30.8% loss in the previous year.
T. Rowe Price's target-date fund family was the best performing in 2009, followed closely by funds from John Hancock, according to Russell Investments research.
