Fund manager Q&A: Asset growth in target-date funds rising

By Alex Veiga, The Associated Press
When it comes to building their retirement nest egg, investors increasingly are betting on the set-it-and-forget-it approach of target-date funds.
Such funds, which are designed to minimize risk over time by gradually shifting from stocks to bonds as an investor’s retirement date nears, hit a record $880 billion in assets last year, according to Morningstar Research Services.
Target-date funds are the default option for many employee retirement plans, wh