In September of 2009, analysts at Morningstar published a research paper on the target-date fund market as the global economy began clawing from the ashes of the financial crisis.
"There is no sugarcoating the disappointing performance of most funds in Morningstar's target date 2000-2010 and retirement income categories," the analysts wrote.
Dubbed the "pride" of the mutual fund market prior to 2008 in Morningstar's report, TDFs suffered average losses of 23 percent in near-term funds and 18 percent in retirement income funds.
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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.
