While collective investment trusts (CITs) almost caught mutual funds in 2023 as the most popular target-date vehicle, it appears likely they will overtake mutual funds by the end of 2024.   According to Morningstar’s annual Target-Date Strategy Landscape Report released March 26, CITs—which since at least 2020 have attracted the most new money—continued to dominate

Although collective investment trust (CIT)-based target-date (TD) products were expected to overtake mutual funds in 2023 and didn’t—that may finally change, according to Sway Research’s 2024 State of the Target-Date Market report. Though mutual fund series still possess slightly more assets, CITs—which generally charge lower fees—are proliferating. At the end of 2018, there were 62