While equity mutual fund investors headed for the doors in droves after getting pummeled during the Great Recession, many 401(k) participants and mutual fund investors have continued to add to their asset allocation funds, which include target-risk, target-date and other mixed-asset funds. Despite a 39.77% decline in the value of these funds during the economic downturn, investors have poured $733.7 billion into the class from the beginning of 2008 through June 30, 2013.
Assets under management for this group skyrocketed 141%, from $981.1 billion at the end of 2008 to $2.4 trillion at the end of June 2013. Target-date funds jumped 247% to $537 billion, target-risk funds increased 88% to $1.3 trillion and the other mixed-asset funds group leapt 289% to $533.2 billion.
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