http://www.investmentnews.com/apps/pbcs.dl.../INIssueAlert04
I know this is an article from '05 but it brings up an interesting point.
Kerry O'Boyle, a mutual fund analyst with Morningstar Inc. in Chicago, said some Fidelity Freedom funds are heavily dominated by large-cap U.S. funds, with eight or nine in the category out of about 18 funds. Also, the series does not necessarily include the company's best-performing funds, either.
"It just seems sometimes that the lineup is some of Fidelity's also-rans, as opposed to their more successful funds," said Mr. O'Boyle.
Curious why they wouldn't be putting the money in their best performing funds. With these funds being so new, and there being no long term studies on it, is it really a great idea to put "all your eggs" into the same lifecycle fund. From the research i've done, it seems that all the major players use drastically different formulas in their lifecycle fund.
Although i agree, the concept behind these funds are great.