Quote:

---

(Reuters) - In changes that have raised the potential investment risks in many 401(k) retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans.

BlackRock Inc, Fidelity Investments and Pacific Investment Management Co [PIMCO, which El Erian and Bill Gross left] - all firms that have seen returns in their target date funds lagging competitors - have made adjustments in the past year so that 401(k) plan participants, particularly those who are younger to middle age, are more invested in equities. In some cases employees who are in their 40s now find themselves in funds that are 94 percent allocated into stocks, up more than 10 percentage points.

---

Quote:

---

Originally posted by SIGNYM:
Seriously????

Quote:

---

(Reuters) - In changes that have raised the potential investment risks in many 401(k) retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans.

BlackRock Inc, Fidelity Investments and Pacific Investment Management Co [PIMCO, which El Erian and Bill Gross left] - all firms that have seen returns in their target date funds lagging competitors - have made adjustments in the past year so that 401(k) plan participants, particularly those who are younger to middle age, are more invested in equities. In some cases employees who are in their 40s now find themselves in funds that are 94 percent allocated into stocks, up more than 10 percentage points.

---

http://www.reuters.com/article/2014/10/10/us-funds-target-stocks-insig
ht-idUSKCN0HZ09Q20141010

Wow, I hope none of you have pension funds investing in BlackRock and PIMCO! Haven't they heard? You're supposed to buy when everyone is selling, and sell when everyone is buying ... not buy when everyone is buying, especially after a big run-up.

It's be interesting to see how this works out!

---