Vanguard in the third quarter will introduce its latest target-date fund offering, aimed at investors between ages 18 and 22, confirmed spokesman Joshua Grandy.
The Vanguard Target Retirement 2055 Fund will be the 12th in Vanguard's lineup, which has garnered $41 billion in net flows over the past three years, according to a news release.
Mr. Grandy said the 2055 fund will initially have 72% in Vanguard's Total Stock Market Index fund; 8.8% in its European Stock Index fund; 4.8% in the Vanguard Pacific Stock Index fund and 4.4% in the Vanguard Emerging Markets Stock Index fund. The remaining 10% will be in the Vanguard Total Bond Market II Index fund.
