@article {Dhillon1, author = {Jusvin Dhillon and Antti Ilmanen and John Liew}, editor = {Mack, Barbara J.}, title = {Practical Applications of Balancing on the Life Cycle: Target-Date Funds Need Better Diversification }, volume = {5}, number = {1}, pages = {1--4}, year = {2017}, doi = {10.3905/pa.2017.5.1.223}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Balancing on the Life Cycle: Target-Date Funds Need Better Diversification Jusvin Dhillon Antti Ilmanen John Liew In Balancing on the Life Cycle: Target-Date Funds Need Better Diversification , published in the Summer 2016 issue of The Journal of Portfolio Management , Jusvin Dhillon, Antti Ilmanen and John Liew of AQR Capital Management examine life-cycle funds, which have become an enormous industry in recent years.Such funds offer retail investors a useful option in the quest to save for retirement. However, life-cycle funds do have some drawbacks, and are under-diversified in several key areas. Dhillon and his co-authors evaluate five dimensions of under-diversification and show how to address each issue, resulting in better performance for people who are saving for retirement.TOPICS: Mutual funds/passive investing/indexing, wealth management}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/5/1/1.3}, eprint = {https://pa.pm-research.com/content/5/1/1.3.full.pdf}, journal = {Practical Applications} }