Target-date funds pulled in $13.9 billion in the second quarter despite the nearly 3% loss on average, according to Morningstar.
Fidelity, Vanguard, and T. Rowe Price continue to garner the majority of flows, capturing 73% of net flows during the quarter as well as other fund providers including JP Morgan, John Hancock, TIAA-CREF, and BlackRock. Notably, PIMCO again saw a significant increase with assets in its series rising by 12.8% to more than $298 million.
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