Lifecycle Products Grew 8% in Q4 to $842 Billion
Target-date and target-risk products grew 5% in 2011 and 8% in fourth quarter, according to New York-based Strategic Insight.
Lifecycle Funds Grew 8% in Q4 to $842B
Assets in target-date mutual funds remain highly concentrated among five firms, says Strategic Insight.
New Hire Roundup: Oliner, Kleinke Join AEI; Bozek Advances at Prudential
This week in new hires, Stephen Oliner and JD Kleinke went to AEI; Joan Bozek was promoted at Prudential Retirement; Steven McKay and Joseph Kaplan went to Putnam Investments.
Pace of Mutual Fund Flows to Slow, FRC Study Says
Mutual fund net sales posted a record-high year in 2009 and despite their strong flows year-to-date through April this year ($187 billion), Financial Research Corporation (FRC) expects they will slow down overall by the end of 2010.
From the Silver Lining Department
While the market performance of the last 18 months (at least until March 9) has hurt just about every investor and advisor across the board,...