CITs continue taking over in 401(k)s, but the change isn’t always easy
CITs are on track to surpass mutual funds in target-date assets. Participants in 401(k)s that use CITs often stand to save a few basis points or more.
Investment providers launched just one target-date mutual fund series in the U.S. in 2020, while six pulled the plug on them, marking the second year in a row that the number of products on the market went down.
Behind that trend, according to data from Cerulli Associates, is the rise of collecti
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