Agency Problems in Target-Date Funds
Target-Date Funds (TDFs) facilitate retirement planning by varying asset allocation over time with the goal of reducing portfolio risk. We explore potential agency problems in TDFs by examining their return performance and flow-performance relation. We find that TDFs under-perform balanced funds (BF...
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| Format: | Others |
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Digital Archive @ GSU
2012
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| Online Access: | http://digitalarchive.gsu.edu/finance_diss/19 http://digitalarchive.gsu.edu/cgi/viewcontent.cgi?article=1018&context=finance_diss |