Strong investment returns and record flows of new money pushed total target-date fund assets over the $1 trillion threshold in 2017, according to Morningstar's annual Target-Date Fund Landscape report.
The growth of TDFs since passage of the Pension Protection Act of 2006 is nothing short of "remarkable," write Morningstar analysts.
Total assets were $1.11 trillion by the end of 2017, up from $880 billion in 2016, and $158 billion a decade ago.
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