Target Risk Funds

38 Pages Posted: 12 Jan 2015 Last revised: 25 Apr 2015

See all articles by Edwin J. Elton

Edwin J. Elton

New York University (NYU) - Department of Finance

Martin J. Gruber

New York University (NYU) - Department of Finance

Andre de Souza

St. John's University - Department of Economics and Finance; New York University (NYU) - Department of Finance

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Date Written: January 8, 2015

Abstract

There is a vast literature which shows that investors don’t make rational decisions in allocating resources among both different types of investments and different individual investments. Target risk funds and target date funds are two types of mutual funds that make the asset allocation decision for an investor Target risk funds have not been studied before: this article is the first comprehensive study of their characteristics and performance and how they compare to target date funds as an investment vehicle.

Keywords: target risk funds, mutual funds

Suggested Citation

Elton, Edwin J. and Gruber, Martin J. and de Souza, Andre, Target Risk Funds (January 8, 2015). Available at SSRN: https://ssrn.com/abstract=2547160 or http://dx.doi.org/10.2139/ssrn.2547160

Edwin J. Elton (Contact Author)

New York University (NYU) - Department of Finance ( email )

44 West 4th Street
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New York, NY 10012-1126
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212-998-0361 (Phone)
212-995-4233 (Fax)

Martin J. Gruber

New York University (NYU) - Department of Finance ( email )

44 West 4th Street
Ste 9-190
New York, NY 10012-1126
United States
212-998-0333 (Phone)
212-995-4233 (Fax)

Andre De Souza

St. John's University - Department of Economics and Finance ( email )

101 Astor Place, #244
New York, NY 10003
United States

New York University (NYU) - Department of Finance ( email )

Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States

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