Most providers lace their TDFs with in-house funds
The overwhelming majority of TDF assets are held by by asset managers that employ a single proprietary approach. Providers of single-proprietary funds use only in-house funds as their TDFs’ underlying investments, which contrasts with multimanager funds, which diversify a TDF’s underlying holdings across different asset managers based on asset-class expertise.
Ninety-five percent of TDF assets are held in these types of funds, up from 93% three years ago.
