I am not in favor of limiting investor choice when it comes to these types of funds, which allow investors an element of diversification with reduced committment of funds, which is especially useful given the high degree of correlation of all common stocks and bonds in the current Fed-related stock market correction. It may allow investors the ability to confiently hold core portfolios long term (it does in my case).
Jonathan Jaffe Comment On Regulatory Notice 22-08
I am not in favor of limiting investor choice when it comes to these types of funds, which allow investors an element of diversification with reduced committment of funds, which is especially useful given the high degree of correlation of all common stocks and bonds in the current Fed-related stock market correction. It may allow investors the ability to confiently hold core portfolios long term (it does in my case).