Products
Firms Unveil Target-Date Fund Index
<p>BrightScope, a 401(k) data and analytics firm, and Target Date
Analytics LLC, a consulting and research firm, unveiled the BrightScope
On Target Index to help measure the risk and performance of target-date
funds.</p>
Reported by Fred Schneyer
According to a news release, the offering gives participants the ability to see how accurately a target-date fund lives up to its stated goals as outlined in the prospectus.
Unlike other target-date indexes, the BrightScope On Target Index considers participant behavior when determining the appropriate asset allocation for participants approaching retirement, according to the release.
More information is available at www.brightscope.com or www.ontargetindex.com.