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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...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2022
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| Materias: | |
| 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 |