American Funds sees the no-load light
Plus: A big warning from Pioneer Investments, ETF company revenues, and another bleak earnings season ahead
- American Funds has seen the light and is now offering no-load access on the Fidelity and Schwab platforms. The latest evidence of how the DOL fiduciary rule is reshaping the asset management industry.
- Pioneer Investment’s John Carey says you should not commit cash to stocks if you’re going to need that money in the next five years. The pessimism is tied to an expectation of a stock market pullback.
- ETFs are known to be cheap, but here’s how much money the ETF industry makes. BlackRock is perched atop the heap.
- Earnings season is here and the S&P 500 is on track for its sixth straight quarter of declining earnings. That’s the kind of “recovery” this is. Revenues are only slightly better than earnings.
Learn more about reprints and licensing for this article.