Georgetown report also notes diversification of TDFs requires education for participants and oversight by plan sponsors.
Investment management firm names Peter Sterling to head the new group.
Program targets private-sector workers who don't have access to a retirement savings plan.
Large majority of investors now believe the global economy is in 'late cycle,' BofA survey finds.
Geopolitical uncertainty, created in part by Brexit and the U.S. presidential race, is leading to “intense short-termism,” he says.
As money managers face growing fee pressure from institutional customers, CEO Christine Hurtsellers is actively shifting her firm's focus to strategies that earn more.
Meanwhile, asset movement among defined contribution plans was flat.
Fund giant merges two businesses, expanding definition of “institutional” to include assets from intermediaries such as registered investment advisers and broker-dealers.
Firm combines equities, multiasset and hedge funds into single division.
Endowments, pensions, foundations like the funds' ability to quickly and easily gain access to indexes or commodities not easily investible.
