CIT Assets Expected to Surpass Mutual Fund Assets in TDFs in 2024, per Morningstar plansponsor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plansponsor.com Daily Mail and Mail on Sunday newspapers.
Contributions to TDFs Fell As the Market Rebound Increased Assets
The activity of TDFs contrasted with that of other mutual funds, while CITs increased market share of target-date strategies.
Reported by
A Morningstar report has found retirement savers’ contributions continued to suffer even as the markets rebounded from last year’s volatility.
The findings were reported in Morningstar’s 2021 “Target-Date Strategy Landscape Report,” which said flows into target-date funds (TDFs) and collective investment trusts (CITs) sank to $52.3 billion last year, a 59% decline from the previous year.
Total assets in target-date strategies amounted to $2.8 trillion at the end of last year, however, which was a reported increase of 20% from 2019. Retirement plan watchers would expect assets to rise with the markets.