The number of mutual funds receiving the highest possible stewardship grades from investment research provider Morningstar Inc. dropped, while the number receiving the lowest grades increased as a result of the company's Sept. 25 revision of its grading system to impose new, tougher standards.
The United States has one of the most mobile work forces in the world.
The five TDAX Independence ETFs are a joint venture between TD Ameritrade and XShares Advisors.
The ETF 50 Index increased 4.7% in September, marking its largest monthly gain this year.
More wirehouses and B-Ds realize they need to allow advisers to take on fiduciary services.
September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors.
Investor appetite for hedge funds will be gauged as London-listed closed-end funds are expected to announce plans to raise a combined $612 million.
