Target-date fund assets totaled $485 billion as of Dec. 31, an all-time high, according to the latest quarterly report by Ibbotson Associates, a unit of Morningstar.
It is a 4.3% increase from the previous record of $465 million set at the end of the third quarter and a 29% increase from the previous year.
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News and data source for money managers,investment consultants and institutional investors
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