Why have target-date funds performed better in the COVID-19 selloff than the 2008 selloff?

We document a reduction in both the level and cross-sectional dispersion of systematic risk in the target-date fund (TDF) market after 2008, which resulted in better performance of TDFs during the COVID-19 selloff compared to the 2008 selloff and a reduction in TDF return dispersion. We find that th...

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Detalles Bibliográficos
Autores principales: Mao, Mike Qinghao, Wong, Ching Hin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761862/
https://www.ncbi.nlm.nih.gov/pubmed/36567918
http://dx.doi.org/10.1016/j.jbankfin.2021.106367

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761862/
https://www.ncbi.nlm.nih.gov/pubmed/36567918
http://dx.doi.org/10.1016/j.jbankfin.2021.106367

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