Hands-off target date funds attract investors

Turner, Shawn A.
May 2007
Crain's Cleveland Business;5/21/2007, Vol. 28 Issue 20, Special Section pI6
The article reports on the interest by financial advisers in Northeast Ohio on target date retirement funds, due to the endorsement made by the Pension Protection Act. These funds automatically update investment selections as a worker nears retirement, which reduces exposure to more volatile investments. Thus, the funds are geared toward those who are not necessarily investment savvy. Mark Haley of Winfield Associates Inc., says that the funds fill a need in the investing market.


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