Market plunge tests performance of target-date funds
Managers made several changes following the 2008 crisis, including reducing allocations to high-yield bonds and equities
Target-date funds were not immune from the market correction last week. Some saw negative returns of as much as 10%, according to data from Morningstar Direct.
Still, they performed better than they did in 2008. Target-date funds, which are now ubiquitous in 401(k) plans, were heavily tested duri
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