Asset managers looking to grow in the defined contribution market may be better off focusing on the quality of standalone investments, instead of competing for assets in the $1 trillion-plus target-date fund market, according to analysts at Cerulli Associates.
The Boston-based consultancy says TDF assets grew at an annual compound rate of 22.5 percent between 2012 and 2016.
While Cerulli and others expect that momentum to continue, asset managers that don't already claim a slice of the TDF market will have a hard time competing going forward.
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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.
