An Examination of Target Date Fund Glidepath Construction

Abstract

The paper examines Target Date Fund glidepath construction as well as asset allocation strategies. We consider characteristics, features, and assumptions in solving the multi-period portfolio selection problem. This paper discusses the theoretical underpinnings of deterministic, adaptive, and stochastic models as well as some interesting alternative strategies. Furthermore, we also propose research topics for future consideration that the author believes may improve upon the existent model frameworks.