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Rating:2010 Funds Pass Their Pre-Crash Peak Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 2, 2011

2010 Funds Pass Their Pre-Crash Peak

News summary by MFWire's editors

Fundsters who work with target date mutual funds may want to take a look the special report section in today's issue of the Wall Street Journal. Veronica Dagher reports on the recovery of 2010 target date funds, which suffered during the recent bear market but have now risen back above their pre-crash peak.

The Journal reveals that, according to Morningstar, 2010 funds gained an average of 4.94 percent from the prior peak (October 9, 2007) through Wednesday (April 27, 2011).

The paper also examines the continuing debate over target date funds' complexity and allocations. Insiders who weighed in include: Greg Carlson, senior mutual fund analyst at Morningstar; Jerome Clark, PM for the T. Rowe Price Retirement Funds; Robyn Credico, a senior consultant from consulting firm Towers Watson; Pamela Hess, director of retirement research at consulting firm Aon Hewitt; Senator Herb Kohl (D-Wisconsin), chair of the special committee on aging; Ron Surz, president of target date fund consulting firm Target Date Solutions; Jean Young, senior research analyst for Vanguard's center for retirement research. 

Edited by: Neil Anderson, Managing Editor


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