Why have target-date funds performed better in the COVID-19 selloff than the 2008 selloff?

Published in Journal of Banking & Finance (ABDC: A*), 2022

📜 U.S. Target-date funds shifted to more conservative investment strategies after the 2008 GFC.

Recommended citation: Mao, M. Q., & Wong, C. H. (2022). Why have target-date funds performed better in the COVID-19 selloff than the 2008 selloff?. Journal of Banking & Finance, 135, 106367.
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