CITs claim larger share of target-date market
The growth in the use of collective investment trusts, which trend to charge lower fees, reflects the pressure to cut costs.
Assets in target-date funds grew to $3.25 trillion last year, and an increasing portion of those assets are held in collective investment trusts, which tend to charge lower fees, according to a report from Sway Research. While overall TDF assets increased 19% last year from the total at the end of 2
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