After being battered by a rough market in 2008, target date funds continued to face the problems of attracting consistent contributions from participants, controlling the amount of pre-retirement distributions and discouraging investors from bailing out after they retire, according to a report from J.P. Morgan Asset Management.
If timing is everything, the mutual fund industry couldn't have picked a worse time to launch managed- payout funds.
The moral of the story? Look beyond past fund performance for winners of tomorrow.
Jacques Perold was named head of Fidelity Investments' $1.4 billion asset management group, which includes Pyramis Global Advisors, said Vincent Loporchio, spokesman.
The actively managed exchange-traded-fund market is expected to explode as top mutual fund companies consider entering the business or expand their lineups.
Exchange-traded-fund providers said today they are willing to consider joining a proposed ETF trade organization, but only if it could prove its value.
Exchange-traded commodities funds will evolve and prosper, despite having drawn the attention of regulators concerned that they may have helped fuel a run-up in oil and natural-gas prices, according to a panelist at the <i>InvestmentNews</i> ETF Insights virtual conference last week.
T. Rowe Price's target-date fund family was the best performing in 2009, followed closely by funds from John Hancock, according to Russell Investments research.
Even though equities are already riding the stock market's rally since March, they are still too attractive to ignore, according to Margie Patel, who manages nearly $1 billion in two balanced funds for Evergreen Investments.
A second commodity-linked iPath exchange-traded note issued by Barclays Bank PLC – the iPath Dow Jones-UBS Platinum Subindex Total Return Exchange Traded Note (PGM) – stopped trading today due to an “ongoing regulatory review” of such products, the bank said in a statement.
With the U.S. dollar staging a surprising rally, investors who have piled into foreign stock and bond funds may get burned, some market watchers say.
The three winners of the 2009 Fund Manager of the Year awards announced today by Morningstar Inc. all have one thing in common: they all stuck to their investment strategies during a difficult period, laying the groundwork for last year's success.
The last of the big Wall Street banks' efforts to repay TARP funds met with mixed results in the stock market last week — a cautionary tale for investors who are looking to dabble in the financial services sector.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Exchange-traded funds potentially make it easier for financial advisers to build a well-diversified portfolio that limits volatility by spreading risk. But the proliferation of more exotic ETFs — particularly leveraged and inverse ETFs — could blunt their diversification potential.
More financial advisers are now using exchange-traded funds than ever, but these investments still have a long way to go before they'll occupy a significant chunk of clients' portfolios.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Morgan Stanley executives plan to sell the Van Kampen mutual fund business and Invesco Ltd. has emerged as the leading bidder among those invited to look at the unit, according to market sources who declined to be identified.
