SEC Comments on Target Date Fund Naming

Today BrightScope, in partnership with Target Date Analytics, filed a comment letter on the SEC’s proposed rule on Target Date Retirement Fund names and marketing. The comment period for the proposed rule ends today. In short we believe the SEC proposal has serious limitations and does not effectively address the misleading nature of target date fund names.  In our comments …

Thoughts on Morningstar's Target Date Fund Research

Two weeks ago Morningstar published its 2010 Target Date Fund Survey. In the survey Morningstar compared the performance of “open” and “closed” fund series and drew the conclusion that neither had a distinct performance advantage. This conclusion is not particularly surprising given relatively few funds have long enough return histories to do a complete analysis. However, what was surprising was …

Real Facts about Target Date Funds: An ICI Rebuttal

At the beginning of 2010 the Investment Company Institute (ICI) released an article titled “Dispelling Target Retirement Date Fund Myths with the Facts.” This article appeared on the ICI website and was sent out widely across the industry. The article contained a list of six “myths” about target date funds that the ICI attributed to those calling for  improvements to …