Plus: You ain't seen lame until you've seen Congress next year, money manager M&A peaks, avoiding financial fraud, and how the rich get and stay rich
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
<i>Breakfast with Benjamin</i>: Smart beta was the top financial search term on Investopedia in 2015, and for good reason.
Flip-flopping the weightings of the traditional Dow 30 stocks
Cerulli sees ETF assets more than doubling to $6T by 2020
Fund closure could put the spotlight on fixed-income ETFs, which are vulnerable because they are more liquid than their underlying assets.
SEC cites lax oversight of subadviser data.
<i>Breakfast with Benjamin</i>: Just when the Fed felt it was safe to move off a zero-rate policy, all kinds of heck is busting loose in the high-yield bond market.
In the age of ascendant ETFs, some have written off mutual funds as irrelevant, but advisers need to know the nuances of each type of fund
<i>Breakfast with Benjamin</i>: Security guard/waiter/travel agent posing as a hedge fund manager has been convicted of stealing more than $800,000 from 17 investors.
Mutual fund outflows can spell capital gains disaster and this year, some funds with low turnover are reporting sizable capital gains distributions as managers sell securities to meet investor withdrawals.
The SPDR S&P 500 Fossil Fuel Free ETF is a greener version of the world's first and largest ETF.
While Washington has long been debating how to reform big Wall Street banks, Vanguard is quietly doing just that as the company and its army of index funds remove about $20 billion a year in revenue from the financial industry.
For the first time, fund manager saw roughly equal deposits into equity and fixed-income ETFs as investor demand for bond products increased.
Appears that mixed-gender portfolio management teams tend to generate better performance
Carl Icahn criticized asset management firms such as BlackRock for selling ETFs that give an illusion of liquidity for “extremely illiquid, and extremely overpriced” securities such as high yield bonds. But BlackRock CEO Larry Fink disputed the characterization.
Emphasizing defense and true diversification in ETF choices can provide protection.
Expense ratios on 'core' exchange-traded funds to drop to as low as 0.03%; new fund launched.
