By a News Reporter-Staff News Editor at Investment Weekly News -- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced the findings of its third survey of participant preferences in target date funds (TDFs). One of the key findings was that two-thirds of respondents reported they prefer TDFs that offer a mix of both active and passive managers for enhanced diversification. Fewer than 25 percent preferred all active, while only one in seven preferred all passive. In addition, the survey found most participants prefer multi-manager TDFs with a mix of both proprietary and nonproprietary funds.
The goal of the survey, "Participant Preferences in Target Date Funds: Fresh Insights," was to track how investor views have evolved in relation to TDFs as they have become more conventional investment products for qualified defined contribution plans.
A white paper with the full results of the survey can be found here.
Keywords for this news article include: Finance and Investment, Investment and Finance, Voya Investment Management.
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