Last year, the sales team at Schwab Investment Management fielded more sponsor inquiries on collective investment trust target-date funds than in any year since the inception of the firm's product line in 2002.
The pooled assets in CITs resemble TDF mutual funds in structure—assets are allocated according to a target-date, glide path, and investment strategy—but of course they typically come with price advantages.
Clearly those advantages are driving the market for target-date trust products.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
