SEC想知道为什么目标日期共同基金越来越风险

The US Labor Department and the Securities and Exchange Commission want to know why target-date mutual funds, which were supposed to get safer as investors aged, have become more high risk. Large mutual fund firms, including Vanguard and Fidelity , promised that as investors approached their retirement target-date funds would automatically shift from high-growth investments to safer ones, such as bonds. These funds were supposed to be a safe bet for retirement.

In 2007, the Labor Department issued a ruling protecting employers that automatically sent workers 401(k) funds to target funds if the employees later lost money. This decision released a lot of money into the funds. Approximately $182 billion has gone into target-date funds. Yet as the stock market fell in 2008, a number of 2010 funds lost 40% value.

Now, SEC Chairman Mary Shapiro wants to know whether companiesmisled investorsabout the risks involved with target-date funds. The SEC has gathered data that reveal that no clear standards exist for how target-date funds should operate and that they can vary when it comes to investment risks even if their names or target dates are similar. According to Shapiro, the SEC is worried that funds with even the same target date can vary a great deal when it comes to investment and returns. Funds invested in safer bonds appeared to perform better. Last year:

Fidelity Freedom 2010 Fund:Invested 50% in stocks; it lost 25% of its value last year.
Wells Fargo 2010 Fund: Lost 11% and is heavy in bonds.
AllianceBernstein 2010:Dropped by 1/3rd; 57% invested in stocks.
Deutsche Bank Fund:下降4％；有利于固定收益投资。

现在，国会希望想要投资目标日期基金和其他401（k）资金的工人获得准确的营销，更好的披露费和更好的财务建议。Envestnet资产管理和行为研究协会进行了一项研究，揭示了对目标日期基金的许多误解。例如，员工认为目标日期基金可提供保证的回报，更快的资金增长以及投资减少并仍然能够退休的能力。

Related Web Resources:
Target-Date Mutual Funds May Miss Their Mark, NY Times, June 24, 2009
Target-Date Funds That Hit the Mark, Smart Money, January 17, 2008
If you believe that you suffered investment losses because a member of the securities industry mismanaged your account or provided you with inaccurate or incomplete information, contact our stockbroker fraud law firm today.