Morningstar report finds that retirement savers' contributions suffer even as target-date strategies rebounded from q1 2020 bear market

Chicago, march 18, 2021 /prnewswire/ -- morningstar, inc. (nasdaq: morn), a leading provider of independent investment research, today published its annual target-date strategy landscape report, finding that total assets in target-date strategies stood at approximately $2.8 trillion at the end of 2020, an increase of 20% over the previous year. flows into target-date funds and collective investment trusts (cits) dropped to $52.3 billion in 2020, a 59% decline from 2019.
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