|S&P, Dow Marry Their Index Operations And The Firstborn Are Two Series Of Target Date Fund Indexes|
|Friday, July 20, 2012 19:55|
The new S&P/Dow indexes are investable, setting the stage for low-cost passive investments in target date funds, perhaps even cheaper than Vanguard’s 18 basis points. But you get what you pay for.
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The new S&P Target Date Style Index Series indexes let you choose a “To” or “Through” benchmark. See the announcement here.
Please be aware of the silliness of the way “To” funds are defined, summarized at Crazy Definition. The choice of target date benchmark is in fact a simple choice between two candidates, but they are not “To” or ‘Through.” Instead, think common practice vs. best practices.