May 16th, 2011 
Vijaianand Vanguard is always considered to be best among the bunch on mutual fund arena. They maintain their high standard in many ways by giving expense ratio less on their fund, high minimim fund required to open an account, knowledgeable managers doing good job analyzing the market well enough to manage the fund and so much more.
If you are wondering what I mean Target funds? Target funds have been famous for some years now for retirement and education portfolios. The fund is diversified to have different asset classes depending on the target year. It uses sliding asset allocator model. They usually start with aggressive on stocks and become more conservative with bonds over time.
For example, if you are 35 and you selected the target year for retirement to be 2041 and chose 2040 target fund. The asset allocation in the fund will be more aggressive with stocks 90% and bonds 10% as an example. Once the years progress,the asset allocation changes to 50-50% and later to 20%-80% and so forth
Until last week, they had minimum $3000 required to open any funds including Target Retirement fund. Since last week, they relaxed the requirement and made a big move to cut down their minimum open fund needed. Now an young investor who like to take advantage of the vanguard Target Retirement portfolio, they only need $1000. It is a smart move by them to attract young, small time investors.
Check out more details at vanguard.com
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