MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 23, 2012 Vanguard Targets 2060 Last week Vanguard [profile] extended its target date fund lineup five more years. On Thursday the Valley Forge, Pennsylvania-based low-cost mutual fund giant rolled out the Target Retirement 2060 Fund (VTTSX), aimed at workers who are currently 18-20 years old. Marlene Satter of Advisor One reported on the news. The new mutual fund, like the rest of Vanguard's target date lineup, is a fund of other Vanguard funds. It includes exposure to domestic bonds, domestic stocks and international stocks. The fund comes with an expected expense ratio of 18 basis points and a minimum investment requirement of $1,000. AdvisorOne notes that Vanguard's normal minimum investment requirement is $3,000 and that Vanguard waives the minimum for defined contribution plan participants who buy the new fund. Printed from: MFWire.com/story.asp?s=38907 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |