Vanguard in the third quarter will introduce its latest target-date fund offering, aimed at investors between ages 18 and 22, confirmed spokesman Joshua Grandy, Pensions & Investments reported.
The 2055 fund will initially have 72% in Vanguard’s Total Stock Market Index fund; 8.8% in its European Stock Index fund; 4.8% in the Vanguard Pacific Stock Index fund and 4.4% in the Vanguard Emerging Markets Stock Index fund. The remaining 10% will be in the Vanguard Total Bond Market II Index fund.
The Vanguard Target Retirement 2055 Fund will be the 12th in Vanguard’s lineup, which has garnered $41 billion in net flows over the past three years.
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