eXplaining X

This subject is complicated, and it will involve a few future posts, so let’s think of this as an “intro to X."


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3Q19 TDF Flows

Now that we’ve entered the final quarter of 2019, let’s look back at the flows within the TDF industry. Overall for the quarter, the industry saw net inflows of $27.8 billion, or about a 1.3% increase over the end of 2Q19. Total AUM in TDFs hit nearly $2.2 trillion.


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What Is A Glide Path?

Target Date Funds'  “yellow brick road” is their glide path.  The glide path is, in essence, a pre-described mix of the TDFs asset allocation over time.  Since the advent of TDFs, it has been universally accepted that the longer a participant's time horizon, the more risk they should accept via higher equity exposure.


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Target Date Fund Indices

The advent of the Target Date fund was back in early 1994 (as detailed in an earlier post).  As TDFs grew in popularity and more plans/advisors/participants starting using them, a question arose as to how properly measure a TDF's performance. 


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Where it all began

Target date funds (TDFs) are a staple within the retirement industry.  But comparatively to the asset management universe, they are a relatively new phenomenon.  So, when did TDFs begin?


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