"Asset managers are working to make target-date funds -- the go-to defined contribution vehicle -- look more like what preceded them: defined benefit plans. DB plans have historically delivered higher investment returns with less volatility than their pay-as-you-go counterparts, in part due to a broader investable universe. A number of multi-asset firms have looked to one product to help bridge the DC-DB divide: real estate investment trusts, or REITs."  MORE >>