In the News

Title

Testing the Target-Date Theory

Document Type

Article

Publication Date

9-10-2013

Abstract

Duration has functioned as a diversifying factor for portfolios throughout modern market history, according to a study on optimal long-run asset management.

The analysis, “Optimal Portfolios for the Long Run,” written by David Blanchett of Mornigstar, Michael Finke of Texas Tech University, and Wade Pfau from the American College, examined over 113 years of data covering equities markets in 20 countries.