Target date funds are one of the fastest growing and most visible segments of the mutual fund industry. This issue presents two articles that look at the performance of these investments. Industry veteran Ron Surz looks specifically at the question of performance measurement. Ron, CEO of Target Date Analytics, dissects the structure of target date funds and explains how his firm's tools will identify funds offering superior performance.
Our second article looks at a recent study by the Compass Institute, which compared the performance of target date and similarly structured funds to an asset allocation strategy they have developed. With ten years of actual data for comparison purposes, their study offers critical information on how target date funds fared over a range of market cycles.
We provide our own analysis of target date funds, along with some thoughts on other recent studies of their performance.
Karla Paxton provides the second installment in her series geared to establishing a new RIA practice. This article looks at the in-house software available for automating RIA operations.
Lastly, we have a letter to the Editor addressing the question of evaluating the trading costs in fixed income mutual funds.
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