Russell Investments said announced today that assets in its LifePoints Funds Target Date Series, a set of nine TDFs and an In Retirement Fund, grew 44% in 2010 and surpassed $1 billion.
The series is available to retirement plans via the firm’s U.S. advisor-sold business, which partners with financial intermediaries and defined contribution record keepers.
The series’ 2055 fund, for instance, has a 10% bond allocation, while the In Retirement Fund maintains a 68% bond allocation throughout retirement.
According to Morningstar, the only categories to exceed target date funds’ percentage gains in 2010 were alternative and commodities funds.
