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In their earlier years, most target-date fund managers felt their funds holdings needed to include substantial percentages of stocks well after their target dates were reached. Due to longevity gains, they said, retirements were stretching out for longer and longer periods, and thus investment portfolios needed higher percentages of stocks to produce income gains that would provide income for these extended retirements.
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"It could be that we walk (move) more on the MSF side, but it could be that the repo rate will do some of the walking. I want to be at this point entirely neutral on what the next step would be. It would be dependent on economic conditions," he told a media briefing.
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"I like our football team," Michigan coach Brady Hoke said. "I usually don't say that. I said it after the spring. I will continue to say it because I like how they've handled themselves on the field and off the field so far this summer. I like their work ethic, and I like how they've represented Michigan in a lot of ways."
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"It was a fantastic performance," said Team Sky sports director Dan Hunt. "It was a real lesson in how to time trial. We went out this morning and researched the course and it was obvious that it suited Brad.
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* Twitter Inc is parlaying its surgingpopularity and the intense competition among banks for Internetdeals to squeeze unusually favorable terms from the firms thatwill take it public. The fees banks are set to collect forselling the shares - at 3.25 percent of the money raised, saidpeople familiar with the deal - would be the lowest percentagepaid on a U.S.-listed IPO in more than a year, according toIpreo, a capital-markets data and advisory firm. ()
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