Fidelity Investments is letting employers offer a bitcoin investment in 401(k) plans. But TDFs, the most popular retirement funds, aren’t yet taking the plunge.
reservations about crypto as an investment in 401 plans, citing"significant risks" to investors like speculation and volatility., though recovered some ground. Prices, almost $40,000 a week ago, are now less than half their peak value in November.
However, Weeks added:"Given the size of digital asset markets, their impact on capital markets cannot be ignored." "We don't currently have plans to introduce an allocation to cryptocurrency in the American Funds Target Date Retirement Series" according to a spokeswoman for Capital Group, which manages the American Funds brand."We believe that long-term oriented retirement investors are well-served with a diversified portfolio of equities and bonds, which are liquid and transparent markets.
Philosophically, using TDFs to provide a more controlled exposure to certain asset classes may be beneficial for investors, Ireland explained.
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