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. 

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE