Target-date retirement funds are catching on at Barclay Global Investors, which announced that assets in those funds doubled in 2005. Barclays was the first to offer so-called lifecycle funds in 1993, and today manages close to $10 billion in that category, which is an increasingly popular option offered through many 401(k) plans. 

"Today's workers have significant responsibility for their own retirement security," said Matthew Scanlan, who heads BGI's Americas institutional business. "Individuals want investment solutions that are appropriate, sensible and easy-to-understand, and the pre-determined objectives of lifecycle products make intuitive sense and allow people to make a single, powerful investment choice," he said.

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