References
- Ayres, I. and Nalebuff, B. (2013) ‘Diversification across time’, Journal of Portfolio Management, 39, pp. 73–86.
- Basu, A. Byrne, A. and Drew, M. (2011) ‘Dynamic lifecycle strategies for target date retirement funds’, Journal of Portfolio Management, 37, pp. 83–96.
- Basu, A. and Drew, M. (2009) ‘Portfolio size and lifecycle asset allocation in pension funds’, Journal of Portfolio Management, 35, pp. 61–72.
- Basu, A. and Drew, M. (2010) ‘The appropriateness of default investment options in defined contribution plans: Australian evidence’, Pacific Basin Financial Journal, 18, pp. 290–305.
- Cooley, P. L. Hubbard, C. M. and Walz, D. T. (2003) ‘A comparative analysis of retirement portfolio success rates: simulation versus overlapping periods’, Financial Service Review, 12, pp. 115–128.
- Dimson, E. Marsh, P. and Staunton, M. (2002) ‘Triumph of the optimists: 101 years of global investment returns’, Princeton University Press, Princeton.
- Efron, B. (1979) ‘Bootstrap methods: another look at the jackknife’, Annals of Statistics, 7, pp. 1–26.
- Hickman, K. Hunter, H. Byrd, J. Beck, J. and Terpening, W. (2001) ‘Lifecycle Investing, Holding Periods, and Risk’, The Journal of Portfolio Management, 27, pp. 101–111.
- Halonen, D. (2009) ‘Feds taking aim at target-data funds’, Pensions & Investments, 37, pp. 2–27.
- Lewis, N. D. (2010) ‘Making ends meet: target data investment funds and retirement wealth creation’, Pensions, 13, pp. 130–1135.
- Liu, Q. Cheng, R. P. DeJong, J. C. and Robinson, J. H. (2011) ‘Are Lifecycle Funds Getting a Bum Rap? A Comprehensive Comparison of Lifecycle versus Lifestyle Retirement Strategies from Accumulation through Withdrawal’, The Journal of Wealth Management, 14, pp. 68–84.
- Malkiel, B. G. (1996) A random walk down wall street: The time-tested strategy for successful investing, W. W. Norton & Company, Inc., New York.
- Markowitz, H. M. (1952) ‘Portfolio selection’, Journal of Finance, 7, pp. 77–91.
- Merton, R. C. (1969) ‘Lifetime portfolio selection under uncertainty: the continuous-time case’, Review of Economics and Statistics, 51, pp. 247–257.
- Morningstar. (2015) ‘2015 Target-Date fund landscape’, retrieved from http://corporate1.morningstar.com/ResearchArticle.aspx?documentId=705998
- Pang, G. and Warshawsky, M. (2010) ‘Asset allocations and risk-return tradeoffs of target-date funds’, Journal of Pension Benefits, 17, pp. 24–35.
- Pfau, W. D. (2010) ‘Lifecycle funds and wealth accumulation for retirement: evidence for a more conservative asset allocation as retirement approaches’, Financial Service Review, 19, pp. 59–74.
- Poterba, J. Rauh, J. Venti, S. and Wise, D. (2006) ‘Defined contribution plans, defined benefit plans, and the accumulation of retirement wealth’, Journal of Public Economics, 91, pp. 2062–2086.
- Samuelson, P. A. (1969) ‘Lifetime portfolio selection by dynamic stochastic programming’, Review of Economics and Statistics, 51, pp. 239–246.
- Schleef, H. J. and Eisinger, R. M. (2007) ‘Hitting or missing the retirement target: Comparing contribution and asset allocation schemes of simulated portfolios’, Financial Service Review, 16, pp. 229–243.
- Sharma, M. Totten, T. and Cierzniak, J. (2015) ‘Optimal asset allocation of assets in an open pension plan’, International Journal of Financial Management, 5, pp. 1–10.
- Shiller, R. (2005) ‘Lifecycle portfolios as government policy’, The Economists’ Voice, 2, Article 14.
- Yoon, Y. (2010) ‘Glide path and dynamic asset allocation of target date funds’, Journal of Asset Management, 11, pp. 346–360.
- Yuh, Y. Hanna, S. and Montalto, C. P. (1998) ‘Mean and pessimistic projections of retirement adequacy’, Financial Services Review, 9, pp. 175–193.