A lot can happen to a client’s long-term plan over the course of three decades. For millennial investors, steady gains made in global equities last year provided the boost needed to fuel healthy returns to their target-date fund holdings.
The 20 top-performing 2050 target-date funds of 2019, which have a combined $60.7 billion in assets under management, managed to capture much of the S&P 500’s 31.22% gain, as measured by the SPDR S&P 500 ETF Trust (SPY), and the Dow’s 25.01% gain, as measured by SPDR Dow Jones Industrial Average ETF Trust (DIA), over the same period, according to Morningstar Direct.
