Precious metals and commodities continue to lose popularity, as real estate and health care funds continue longest run of inflows since late last year.
After a 31-week high of $24.5 billion, equity funds failed to crack $1 billion in the week ending June 21.
The increased scrutiny of plan fees and the need to offer low-cost investment choices are making TDFs attractive.
In a crisis, the funds would enable a healthy transfer of risk when liquidity dries up.
Volatility gauges have collapsed as policy uncertainty spikes.
Smart beta works for weeding out the worst stocks, not picking the best, Maneesh Shanbhag says.