Vanguard has launched a new target retirement fund for Generation Y investors that is intended to start them on the road to successful investing.

The Vanguard Target Retirement 2060 Fund provides age-appropriate exposure to both domestic and international stocks, as well as domestic bonds all wrapped up in a single low-cost, index based vehicle. The fund will feature broad diversification among major asset classes and low management costs.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.