CAMBRIDGE, Mass.-Target-date funds will continue to increase in popularity due to their simplicity, automatic rebalancing and diversification, according to panelists at Financial Research Associates' "Target Date Lifecycle Funds" conference here last week.

Assets in target-date funds are now $145 billion, up 32% from $110 billion last year, according to data from Financial Research Corp. of Boston. And over the next five years, assets are expected to grow at an annual rate of 26%. Last year, fund companies introduced 302 new lifecycle funds, according to data from Morningstar.

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