Highlighting the value of managed portfolios

September 05, 2023

A line chart shows that average asset allocation trends have become more age-appropriate since 2005. In 2005, the average equity weighting for an investor under age 25 was less than 50%; that number was closer to 80% in 2010 and reached almost 90% by 2022.
A box-and-whisker chart displays the lower dispersion in five-year annualized total returns for professionally managed strategies, when compared to accounts of all Vanguard DC plan participants. Single target-date funds had the least dispersion, with returns ranging between 3.1% and 5.3%. Managed account returns ranged between 3.4% and 7.1%. Single balanced funds ranged between 2.4% and 6.0%. The "all other participants” category experienced the greatest amount of dispersion, with returns ranging between 1.2% and 8.8%.


Jeffrey W. Clark
Vanguard Information and Insights

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