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Institutional Investors Double “Smart Beta’ Exposure
Institutional investment clients of Towers Watson doubled their allocation to smart beta strategies over the past two years to $40 billion. The firm sees the continued strong demand for smart beta strategies broadening beyond equities, particularly in the bond market. Towers Watson’s clients include pension funds, sovereign wealth funds, endowments, foundations and insurance companies. -
How does your 401(k) balance compare?
Average 401(k) Account Balance by plan member’s age and years of work (as of 12/31/2013) Age Years worked Average 401k Balance (in $) 20s 5-10 $18,351 30s 10-20 $66,139 40s 20-30 $154,228 50s Greater than 30 $252,418 60s Greater than 30 $248.397 Source: Employee Benefits Research Institute