Feds are making small shifts to higher-risk Thrift Savings Funds, according to the latest statistics from Tuesday’s Federal Retirement Thrift Investment Board meeting. (Scroll down for meeting minutes and stats.)
TSP returns are “performing up to snuff,” said Tom Trabucco, director of external affairs at the FTIB, in an interview with the DorobekINSIDER.
The funds are at their largest ever at $270 billion.
Most of the fund movement is out of the “safe” G fund into high-risk funds, Trabucco said. From August to October, the percentage of people invested in the G Fund decreased from 46 percent to 43 percent, moving into the high-reward stocks and bond funds, Trabucco said.
“You find that it’s not unusual after you have a couple of good months of returns,” Trabucco said.
The number of investors in the L-2010 Fund decreased by 10,000 last month and moved to the L-2020 fund.
These investors want to “stretch their time horizon a little more” and are “willing to take a risk,” Trabucco said.