Can TDFs be improved? That’s the question columnist Felix Salmon is asking in his recent piece on Reuters.

Salmon says he thinks TDFs should be added to the list of financial advancements that have been good for society, joining a select club that some say includes only the ATM.

He thinks, though, that the current “gold standard” of Vanguard’s [profile] TDFs can be beaten, and he talks to two people who think they’ve done it. One is Vineer Bhansali, who runs TDFs for Pimco [profile].

The other player is Wealthfront, which recently hired Burton Malkiel to be chief investment officer.

Salmon’s column is very long and somewhat wonky. Still, if you’re a TDF maven looking for where the business might be headed, it’s worth taking some time to wrap your head around.

Read the original article here 

Edited by: Ben Geier


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