Investing

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ETF assets hit record as investors dump mutual funds
MUTUAL FUNDS AUG 04, 2020
ETF assets hit record as investors dump mutual funds

Exchange-traded funds saw $248 billion in net inflows so far this year, while mutual funds had $34 billion in outflows

By Bloomberg
Trade association pushes retirement savings provisions for next COVID relief bill
RETIREMENT PLANNING AUG 04, 2020
Trade association pushes retirement savings provisions for next COVID relief bill

The Insured Retirement Institute calls for raising RMD age, allowing catch-up retirement contributions

By Mark Schoeff Jr.
House approves funding bill with provision to kill SEC's private markets proposal
RETIREMENT PLANNING AUG 03, 2020
House approves funding bill with provision to kill SEC's private markets proposal

Advocates for alternative investments oppose the provision, which is not likely to survive in the Senate

By Mark Schoeff Jr.
Surge in SPACs inspires blank-check ETF
MUTUAL FUNDS AUG 03, 2020
Surge in SPACs inspires blank-check ETF

A new exchange-traded fund will track shares of companies that listed on exchanges by merging with special purpose acquisition companies

By Bloomberg
Low bond yields test 60/40 asset allocation
EQUITIES AUG 03, 2020
Low bond yields test 60/40 asset allocation

Alternative assets and private markets may help boost portfolio returns

By Bloomberg
Brokerage, insurance firms raise concerns about DOL advice proposal
RETIREMENT PLANNING JUL 31, 2020
Brokerage, insurance firms raise concerns about DOL advice proposal

The rewrite of the vacated Obama fiduciary rule also draws criticism from investor advocates

By Mark Schoeff Jr.
State Street gold ETF is cash machine
MUTUAL FUNDS JUL 31, 2020
State Street gold ETF is cash machine

The fund is now making more money than any other product in the $4.6 trillion U.S. ETF market

By Bloomberg
Asset managers can no longer afford to avoid ETF market
ETFS JUL 30, 2020
Asset managers can no longer afford to avoid ETF market

The exchange-traded fund industry has suddenly attracted large asset managers that have until recently shunned the business

By Jeff Benjamin
Vanguard submits to value curse, plans to fold active fund into an index
RIA NEWS JUL 29, 2020
Vanguard submits to value curse, plans to fold active fund into an index

Unable to keep pace with a passive index, the 20-year-old active value fund has run its course

By Jeff Benjamin
State Street launches ESG version of its mammoth S&P 500 ETF
RIA NEWS JUL 29, 2020
State Street launches ESG version of its mammoth S&P 500 ETF

The adaptation of SPY will include firms in the S&P 500 index that meet environmental, social and governance criteria

By Bloomberg
Wells Fargo files with SEC to offer ETFs
ETFS JUL 28, 2020
Wells Fargo files with SEC to offer ETFs

The wirehouse will become the latest major asset managers to enter the fray

By Bloomberg
SEC orders AIG unit to pay $40 million for disclosure violations in teacher retirement plans
RETIREMENT PLANNING JUL 28, 2020
SEC orders AIG unit to pay $40 million for disclosure violations in teacher retirement plans

Effort highlights agency’s teacher initiative, but expert calls it ‘slap on wrist’

By Mark Schoeff Jr.
Invesco benches team responsible for $105 million snafu
PRACTICE MANAGEMENT JUL 28, 2020
Invesco benches team responsible for $105 million snafu

An index rebalancing mishap has lead to the wholesale change of the portfolio management team

By Jeff Benjamin
Annuity sales down 24% in Q2
RETIREMENT PLANNING JUL 28, 2020
Annuity sales down 24% in Q2

Nearly all types of annuities fell by double digits due to low interest rates and fallout from COVID-19

By Emile Hallez
SEI Investments says breach at key vendor exposed customer data
FINTECH JUL 27, 2020
SEI Investments says breach at key vendor exposed customer data

The company serves as a fund administrator for Pimco, Centerbridge and other money managers

By Bloomberg
Silver rally quietly outshines gold in 2020
ALTERNATIVES JUL 27, 2020
Silver rally quietly outshines gold in 2020

The less-flashy precious metal may have more room to run, according to analysts

By Jeff Benjamin
When it comes to proxy voting, ETF sponsors rarely align with shareholders
MUTUAL FUNDS JUL 27, 2020
When it comes to proxy voting, ETF sponsors rarely align with shareholders

Research shows index ETFs vote with management 90% of the time

By Jeff Benjamin
Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure
RETIREMENT PLANNING JUL 24, 2020
Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure

The Broadridge affiliate has not filed notices required by the DOL, plaintiffs in a class-action lawsuit claim

By Emile Hallez
DOL urged to address conflicts in pooled employer plans
RETIREMENT PLANNING JUL 24, 2020
DOL urged to address conflicts in pooled employer plans

But there is little consensus on how to do so, according to comment letters submitted this week to the regulator

By Emile Hallez
Gold's 24% run attracts the attention of younger investors
ALTERNATIVES JUL 23, 2020
Gold's 24% run attracts the attention of younger investors

The precious metal is uniquely suited to hedge the disruptions of 2020

By Jeff Benjamin