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My mother's financial planner has her in several funds that M* summary says the benchmark index is the M* moderate target risk. Which index fund would mimick that category? Thanks.
I'd look at Vanguard Balanced Index (VBINX). It trails the moderate target risk benchmark, but seems to move pretty much in sync with it. Vanguard STAR (VGSTX) tracks it a bit more closely and is an excellent balanced fund-of-Vanguard funds.
I checked Morningstar for "moderate allocation" index funds and came up only with VBINX. I also checked a number of more-or-less balanced, more-or-less index funds (Fidelity Four-in-One, TIAA-CREF Managed Allocation) and didn't find anything that tracked the moderate risk benchmark more closely than STAR.
Comments
I checked Morningstar for "moderate allocation" index funds and came up only with VBINX. I also checked a number of more-or-less balanced, more-or-less index funds (Fidelity Four-in-One, TIAA-CREF Managed Allocation) and didn't find anything that tracked the moderate risk benchmark more closely than STAR.
For what it's worth,
David