Managers rode market wave to 17.4% rise in DC plan assets; Mutual fund AUM reaches $4.2 trillion for DC plans; target-date funds up 24.6

Providers of mutual funds and target-date funds for defined contribution plans saw their assets under management post impressive double-digit percentage increases for the year ended June 30, during a year when markets even outperformed the previous year's spectacular numbers. Greg Ungerman, sen...

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Bibliographic Details
Published in:Pensions & investments (1990) 2024-10, Vol.52 (15), p.1
Main Author: Kozlowski, Rob
Format: Article
Language:English
Subjects:
Asset allocation
Bond funds
Deferred compensation
Defined contribution plans
Equity
Equity funds
Investment policy
Lifecycle funds
Managers
Money markets
Mutual fund industry
Mutual funds
Proprietary
Retirement
Surveys
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Summary:Providers of mutual funds and target-date funds for defined contribution plans saw their assets under management post impressive double-digit percentage increases for the year ended June 30, during a year when markets even outperformed the previous year's spectacular numbers. Greg Ungerman, senior vice president and leader of the defined contribution practice at Callan, said his firm saw for the first time this past year that collective investment trusts are now more prevalent than mutual funds in the entire defined contribution plan system. Robert Austin, research director for Alight Solutions, said that trading activity has remained low for a second year in a row because typically plan participants don't trade very much when the market is going up. "Additionally, we are starting to see increased participant inflow activity across our stable value complex, which is likely to gain momentum as money market rates adjust to recent Federal Reserve actions," said Davis.
ISSN:1050-4974
1944-7671