Errors in computer-generated reports on mutual funds lead to a classic Twitter dust-up in which a disgruntled fund manager challenged the company's analysis of his funds.
The flipside of the new Innovator Capital Management products is the performance is capped and they can be more expensive than some of the cheaper indexed options.
The error occurred in October, when the Vanguard 529 Plan switched from age-based portfolios to target-enrollment portfolios, the company said in an email.
The company's announcement that it was slashing fees on two of its bond funds came just a day after BlackRock lowered fees on its lineup of style ETFs.
The company's proposed exchange-traded fund would track the cryptocurrency using pricing from U.S.-based exchanges including Bitstamp, Coinbase and Gemini.
The surging bull market for stocks has increased the need to split shares to keep prices manageable for investors.
The three ESG-oriented equity funds will be sub-advised by Newton.
The world’s biggest ETF issuer is cutting the expense ratios on nine iShares Morningstar U.S. Equity Style Box ETFs to a range of 0.03% to 0.06% — down from previous charges between 0.25% and 0.30%.
ETFs expected to make up a growing share of investor portfolios in the year ahead, according to Charles Schwab & Co.’s ETF Investor Study.
Assets in those investments surpassed $1 trillion last year, reaching about $1.18 trillion, compared with $1.57 trillion in target-date mutual funds.
At least four firms have live applications for exchange-traded funds tracking Bitcoin, but how the SEC will deal with the filings is a mystery.
The equally weighted S&P 500 index has outperformed its cap-weighted counterpart this year.
Retail investors are piling into exchange-traded funds built around such trends as social media, online betting and SPACs.
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
Morningstar data show women are making little progress breaking into the ranks of portfolio managers.
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
The agency charged two Cetera broker-dealers with breaching fiduciary duty and defrauding retail advisory clients in connection with the sales of mutual funds.
The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.
Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds.
The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.
