Wells Fargo Funds Management has launched the Wells Fargo Advantage Dow Jones Target 2055 Fund, a target-date fund benchmarked against the Dow Jones Target 2055 Index and sub-advised by Global Index Advisors, State Street Global Advisors and Wells Capital Management.
Wells Fargo said that its target-date funds have become increasingly popular in recent years, growing from $1.2 billion in assets in September 2006 to $10 billion at the end of June.
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