Money within target-date funds is moving to passively managed investments, as both an underlying holding within a portfolio and as an overall investment approach. That’s according to the Morningstar Target-Date Series Research Paper: 2013 Industry Survey.
As of Dec. 31, 2012, 68% of target-date fund assets were in actively managed investments. Inflows to passively managed investments (those that invest 80% or more in passively managed investments) overtook flows into actively managed investments for the first time for the 2012 calendar year.
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