ETFs Push into 401k Market

The Wall Street Journal‘s John Spence is reporting that the ETF industry is stepping up efforts to challenge the mutual-fund industry’s lock on lucrative 401(k) retirement plans.

In the article ETFs Make a Play for 401(k) Market, Spence points out that Barclays Global Investors recently introduced a suite of target-date funds which are popular in employee-retirement plans. These funds are designed to automatically rebalance allocations between stocks and bonds as workers approach retirement.

The new Barclays ETFs include the iShares S&P Target Date Retirement Income Index Fund (TGR), iShares S&P Target Date 2010 Index Fund (TZD) and others.

Already in the market are a set of target-date funds from TDX Independence including the TDX Independence 2010 ETF (TDD), TDX Independence 2020 ETF (TDH), TDX Independence 2030 ETF (TDN), TDX Independence 2040 ETF (TDV) and TDX Independence In-Target ETF (TDX).

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