The prospect of rising interest rates could make plan sponsors lose sight of the greatest risk to participants in target-date funds, along with the important reasons to invest in bonds.
Mr. Scott is a senior investment analyst in Vanguard Investment Strategy Group. He is a member of the group responsible for capital markets research, the asset allocations used in Vanguard's fund-of-fund solutions, such as Target Retirement Funds, as well as maintaining and enhancing the investment methodology used for advice-based relationships with high-net-worth and institutional clients. Previously, Mr. Scott served as a senior investment analyst in Vanguard Portfolio Review Department, where he was responsible for engaging with the institutional and advisory clients of Vanguard funds and contributed to the oversight of the managers of the funds. Mr. Scott has more than 16 years of experience in the investment management industry and holds the Chartered Financial Analyst® certification. Mr. Scott earned a bachelor's degree from Boston College and an M.B.A. from The Pennsylvania State University.