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A study by David F. Babbel of The Wharton School, University of Pennsylvania; Miguel A. Herce, Charles Rivers Associates.
Little in the scholarly economics literature is directed specifically to stable value funds, although they occupy a leading place among retirement investment vehicles. They are offered in almost half of all defined contribution plans in the USA, with more than $800 billion dollars worth of assets under management. This paper rigorously examines their performance throughout the entire period since their inception in 1973.
