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April 21, 2010 at 08:00 PM
As target-date funds increase in popularity with investors, Ibbotson Associates said these funds experienced their fourth consecutive quarter of positive gains during the first quarter of 2010.
Of the 332 funds Ibbotson monitored with at least a one-year track record included in the study, the average increase was 3.8% for the quarter, which was down from the fourth quarter’s 4% return. Over a period of 12 months, the funds rose 43%.
Tom Idzorek, chief investment officer and director of research at Ibbotson, said in a statement that the funds were boosted by surging markets and gains in most asset classes.
The best performers for the period included U.S. small-cap-value equity and real estate, which both saw a return of 10%. In fixed-income categories, high-yield bonds led the way with a 4.6% return for the period. Over the past 12 months, real estate experienced returns of 107%, followed by emerging-markets equity, with a return of 82%.
