Although it supports the Securities Exchange Commission’s goal of bringing more disclosure to target-date funds, the proposal to include asset allocation information in the fund’s name will only confuse investors, BackRock said in a letter to the agency this week.
Instead, the world’s largest investment management firm said the asset allocation disclosure should be presented by way of a required graph or chart. This would allow the plan participants to better visualize the fund’s glidepath and give them a better understanding of how asset allocation fluctuates over time.
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