Complexes offering target-date funds will soon be joined by a hefty new entrant: American Funds, the 800-pound gorilla, which, year to date through August, has attracted more than 37% of the $123 billion in assets flowing to the top 50 fund complexes, according to Financial Research Corp. of Boston.

Last week, Capital Research and Management of Los Angeles, adviser to the American Funds, filed a red herring registration statement with the Securities and Exchange Commission announcing nine new target-retirement date fund-of-funds structured in five-year intervals beginning with 2010 and running through 2050. Each will embrace increasingly more conservative funds as it moves toward its specific retirement year goal.

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