As individuals investing in 529 college savings plans draw nearer to entering college, their investment tastes become more conservative, according to recent research from the College Savings Foundation.

CSF, a not-for-profit Washington-based organization representing the 529 industry, said firms surveyed indicated age-based portfolios were overwhelmingly the most popular selection among investors in their plans. An age-based portfolio is a fund-of-funds that takes on less risk and is more conservative as the account beneficiary approaches college. More than 66% of assets represented in the survey, or $10.6 billion, were in age-based portfolios.

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