Target maturity funds picked up more than $13 billion in the fourth quarter of 2012, bringing the industrys total assets to some $485 billion, a 29% increase from a year ago, according to data fromIbbotson Associates.
The big three ofVanguard,Fidelity, andT. Rowe Pricecontinued to garner the majority of flows, capturing 69% of net flows during the quarter, according to the latestIbbotson Target Maturity Report. Other target maturity fund providers that saw large inflows this quarter includeWells Fargo Advantage,John Hancock,TIAA-CREF,J.P. Morgan, andAmerican Funds.
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