Morningstar report reveals collective-investment trusts poised to overtake mutual funds in target-date strategies in 2024

Chicago--(business wire)--morningstar, inc. (nasdaq: morn), a leading provider of independent investment insights, today published its annual target-date strategy landscape report, which found that in 2023 investors poured $156 billion of net inflows into target-date strategies, of which $104.5 billion—or 67%—went into collective investment trusts (cits). net flows slightly increased year-over-year, helping propel assets to a record high $3.5 trillion. “investors in target-date strategies large.
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