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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
Big buildup of savings could rein in rates
MUTUAL FUNDS JUL 23, 2020
Big buildup of savings could rein in rates

Deposits at commercial banks have risen 18% this year, to a record $15.6 trillion, and money-market fund assets are almost $1 trillion higher than before the pandemic

By Bloomberg
Here's how target-date funds have fared as the market fell, and rose, in 2020
MUTUAL FUNDS JUL 22, 2020
Here's how target-date funds have fared as the market fell, and rose, in 2020

Some TDFs that limited losses during the market dive early in the year came out on top, an analysis of Morningstar Direct data shows

By Emile Hallez
SEC approves rules expected to limit activist investors
EQUITIES JUL 22, 2020
SEC approves rules expected to limit activist investors

The agency's overhaul targets proxy advisory firms like Institutional Shareholder Services and Glass Lewis

By Bloomberg
Corporate insiders are unloading shares
EQUITIES JUL 22, 2020
Corporate insiders are unloading shares

Sales by executives could be a signal that the stock market rally is topping out

By Bloomberg
ETF market continues searching for the perfect expense ratio
OPINION JUL 21, 2020
ETF market continues searching for the perfect expense ratio

When zero fees are not expensive enough

By Jeff Benjamin
GPB Capital reports nearly $200 million drop in AUM
ALTERNATIVES JUL 21, 2020
GPB Capital reports nearly $200 million drop in AUM

The alternative asset manager parts ways with an auditor and its valuation company

By Bruce Kelly
UBS slapped with $10 million fine for SEC violations
FIXED INCOME JUL 20, 2020
UBS slapped with $10 million fine for SEC violations

The bank allegedly allocated bonds intended for retail customers to 'flippers' who resold them to broker-dealers for profit

By Nicole Casperson