In spite of the recent, strong upturn in the market, investors are still gun-shy and looking for guidance, The Wall Street Journal reports. Lifecycle funds that automatically shift the balance between equity, fixed income and money market holdings as people age have recently gained popularity, and, as a result, more fund companies are offering them.
And with only one in six 401(k) investors making a change to their investments last year, according to
Nonetheless, assets in lifecycle funds also called target maturity, target date or morphing funds have increased 80% since 1999, from $21.63 billion to $39.13 billion today, according to