Mutual Funds

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An old bond strategy is new again  — and it's good as gold
OPINION JAN 13, 2021
An old bond strategy is new again — and it's good as gold

A fledgling operation is hoping to turn back the clock by introducing gold bonds that are purchased and repaid with actual gold, a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun.

By Jeff Benjamin
Surprise! Mutual fund revenue sharing makes 401(k)s more expensive
RETIREMENT PLANNING JAN 12, 2021
Surprise! Mutual fund revenue sharing makes 401(k)s more expensive

Revenue sharing fees ultimately make retirement plans more expensive, and funds that include them are disproportionately favored on plan menus, a recent academic paper found.

By Emile Hallez
Buffered ETFs add 'guard rails' to uneasy equity market
EQUITIES JAN 08, 2021
Buffered ETFs add 'guard rails' to uneasy equity market

There are now five companies offering downside protection through buffered ETFs, and two more firms with products in the filing stages

By Jeff Benjamin
Biggest ETF issuers struggle to make mark in 2020 launches
MUTUAL FUNDS JAN 04, 2021
Biggest ETF issuers struggle to make mark in 2020 launches

Only three of the most popular ETF launches last year were BlackRock products, and none were from Vanguard or State Street

By Bloomberg
Vanguard wins ETF flow war as State Street loses ground
MUTUAL FUNDS DEC 28, 2020
Vanguard wins ETF flow war as State Street loses ground

Vanguard is on track to beat BlackRock in attracting ETF flows for the first time since 2013

By Bloomberg
SEC’s amped-up oversight of complex financial products expected to continue under Biden
ALTERNATIVES DEC 23, 2020
SEC’s amped-up oversight of complex financial products expected to continue under Biden

Agency says advisers, brokers must apply ‘heightened scrutiny’ to sales of risky ETPs

By Mark Schoeff Jr.
Invesco debuts four nontransparent ETFs
MUTUAL FUNDS DEC 22, 2020
Invesco debuts four nontransparent ETFs

The funds don't report their holdings daily, in an attempt to shield their strategies from front-running or replication by rivals

By Bloomberg
SEC slams Voya Financial with $23 million penalty for conflicts at RIA
ALTERNATIVES DEC 22, 2020
SEC slams Voya Financial with $23 million penalty for conflicts at RIA

The conflicts of interest ranged from 12b-1 fees to cash sweep accounts to alternative investments

By Bruce Kelly
Finra hits Transamerica with $8.8 million sanction
LIFE INSURANCE AND ANNUITIES DEC 21, 2020
Finra hits Transamerica with $8.8 million sanction

The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products

By Mark Schoeff Jr.
Darlings of 2020, ETFs expected to carry momentum into 2021
MUTUAL FUNDS DEC 21, 2020
Darlings of 2020, ETFs expected to carry momentum into 2021

Strong performance and low fees means the next leg of ETF growth might be just getting started

By Jeff Benjamin
Vanguard makes history with first $1 trillion equity fund
MUTUAL FUNDS DEC 16, 2020
Vanguard makes history with first $1 trillion equity fund

Vanguard Total Stock Market Index Fund includes both a mutual fund and an ETF

By Bloomberg
Morningstar and iShares team to revamp indexes
MUTUAL FUNDS DEC 15, 2020
Morningstar and iShares team to revamp indexes

iShares Morningstar ETF suite will track Morningstar's new index family

By InvestmentNews
Model portfolio assets hit $4.1 trillion in Q3
FINTECH DEC 08, 2020
Model portfolio assets hit $4.1 trillion in Q3

More than half of advisers say they expect to increase usage, according to a new survey by Broadridge Financial

By Nicole Casperson
Vanguard makes rare retreat as price war starts to take toll
MUTUAL FUNDS DEC 08, 2020
Vanguard makes rare retreat as price war starts to take toll

Net flows for the asset manager slowed in 2020 as rivals continued to roll out similar products and amid the rise of robo advice and almost-free trades

By Bloomberg
Debut ETF issuers hit record this year
MUTUAL FUNDS DEC 03, 2020
Debut ETF issuers hit record this year

New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new firms to enter the market this year

By Bloomberg
Fund companies see target-dates adding annuities in future: Report
RETIREMENT PLANNING DEC 02, 2020
Fund companies see target-dates adding annuities in future: Report

The all-in-one products could also eventually include private equity, Cerulli Associates found

By Emile Hallez
Record-shattering flows into stock ETFs leave bond funds in dust
MUTUAL FUNDS DEC 02, 2020
Record-shattering flows into stock ETFs leave bond funds in dust

Equity ETFs attracted a record $81 billion as stocks rallied in November

By Bloomberg
T. Rowe Price to launch new asset management business
ETFS NOV 19, 2020
T. Rowe Price to launch new asset management business

The new platform will be seeded with six funds managing $167 billion in a effort to manage capacity issues

By Jeff Benjamin
DFA plans $20 billion dive into ETF market
MUTUAL FUNDS NOV 17, 2020
DFA plans $20 billion dive into ETF market

In addition to three new ETFs, Dimensional Fund Advisors will convert six mutual funds

By Jeff Benjamin
Should 401(k)s require a test for savers to invest outside of target dates?
RETIREMENT PLANNING NOV 17, 2020
Should 401(k)s require a test for savers to invest outside of target dates?

Terms like 'mutual fund' and 'passive investing' are misunderstood, and those who can't define them are less likely to invest and save for retirement, according to a new report

By Emile Hallez