BlackRock Wants 5% to 20% of Your Target-Date Fund in Private Assets
This initial offering may not go as far as some investors hoped, but it's a start for the accounts where private ventures are least accessible.
Overview
Your employer's 401(k) plan could soon have a brand-new, never-before-offered kind of investment option -- funds that hold a healthy dose of privately owned (as opposed to publicly traded) businesses.
That's the important takeaway from an announcement by investment manager BlackRock (NYSE: BLK) around the middle of this year. As the stock market's risks rise and its rewards shrink -- and as it grows more difficult to navigate -- BlackRock wants to give ordinary investors access to potentially better returns.
Details
Here's what you need to know.
Source
Originally published at www.fool.com.
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