The added share class means defined contribution plans are more likely to have access to DFA funds.
I was talking to a friend the other night, a nonfinancial type, but very intelligent and with quite a lot of money invested mainly in equities, and he's about 50% China and Emerging Markets in his portfolio.
You touched on a critical point, Jim: The irony of target-date funds is that, while they are supposed to be the ultimate in passive investing—"set it and forget it"—they really require some of the closest scrutiny of any funds on the market.
They're finally here: the first target date ETFs. Eagerly anticipated and a critical piece of the XShares platform plan, target date funds have already hit the rest of the fund market in force. But it's not all cookies and cream.
Matt's 15 bps feature has been popular. The question is whether expense ratios are the only thing you should be looking at.
XShares partners with TD Ameritrade to launch five target-date funds.