Download This PaperTarget Risk Funds
38 Pages Posted: 12 Jan 2015 Last revised: 25 Apr 2015
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: Suggested Citation
Edwin J. Elton (Contact Author)
New York University (NYU) - Department of Finance ( email )
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Martin J. Gruber
New York University (NYU) - Department of Finance ( email )
44 West 4th Street
Ste 9-190
New York, NY 10012-1126
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212-998-0333 (Phone)
212-995-4233 (Fax)
New York University (NYU) - Department of Finance ( email )
Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States