American Funds 2050 Target Date Retirement Fund (RBHEX) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry. The company is headquartered in Los Angeles, CA, United States.
RBHEX has IPO date of 2014-08-29, listed on the NASDAQ, a market capitalization of $39.64B.
The American Funds 2050 Target Date Retirement Fund is designed to automatically shift its asset allocation toward more conservative investments as it approaches and passes its 2050 target retirement date. The fund pursues its investment objectives by allocating assets across a diversified mix of American Funds, including growth funds, growth-and-income funds, equity-income funds, balanced funds, and fixed income funds. This multi-fund strategy allows the fund to gradually increase its exposure to fixed income and equity-income investments while reducing equity risk over time, making it suitable for investors planning to retire around 2050.
