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Vanguard Unseats Fidelity As Target-Date King

FYI: After 16 years as the largest target-date fund provider, Fidelity Investments has lost its crown to Vanguard, which now holds 27 percent of the market share, according to a new Morningstar report.

Fidelity, which had net outflows of about $7.7 billion last year from its target-date strategies, holds 26.5 percent of the market. T. Rowe Price has 17 percent market share, Morningstar says.
Regards,
Ted
http://wealthmanagement.com/print/mutual-funds/vanguard-unseats-fidelity-target-date-king

M* Slant:
http://news.morningstar.com/articlenet/article.aspx?id=691659
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