Mutual Funds

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SEC poised to release guidance on Reg BI implementation this month
RIA NEWS MAR 06, 2020
SEC poised to release guidance on Reg BI implementation this month

Other priorities: Probing whether ESG funds live up to the hype, zeroing in on fee conflicts

By Mark Schoeff Jr.
Market plunge tests performance of target-date funds
RETIREMENT PLANNING MAR 06, 2020
Market plunge tests performance of target-date funds

Managers made several changes following the 2008 crisis, including reducing allocations to high-yield bonds and equities

By Emile Hallez
2020 Lipper Awards: ESG the big winner
MUTUAL FUNDS MAR 05, 2020
2020 Lipper Awards: ESG the big winner

Calvert and MFS among the top firms recognized

By Jeff Benjamin
Fidelity's new mutual funds target HSA investments
RETIREMENT PLANNING MAR 05, 2020
Fidelity's new mutual funds target HSA investments

The products encourage clients to use health savings accounts as investment vehicles

By Emile Hallez
ETF price war sees BNY Mellon launch first no-fee bond fund
ETFS MAR 05, 2020
ETF price war sees BNY Mellon launch first no-fee bond fund

The asset manager is also coming out with a zero-fee large cap equity fund

By Bloomberg
Vanguard cements its hold on the target-date marketplace
RETIREMENT PLANNING MAR 04, 2020
Vanguard cements its hold on the target-date marketplace

The trend toward lower costs in retirement plans has benefited products across the industry

By Emile Hallez
SEC puts misleading fund names in its crosshairs
MUTUAL FUNDS MAR 03, 2020
SEC puts misleading fund names in its crosshairs

The regulator seeks public feedback on its naming rules to better protect investors

By Jeff Benjamin
John Hancock sued over 'self-dealing' in 401(k) plan products
RETIREMENT PLANNING MAR 03, 2020
John Hancock sued over 'self-dealing' in 401(k) plan products

The financial services firm is the latest to be targeted for including proprietary products in its retirement plan

By Emile Hallez
Oracle to pay $12 million to settle 401(k) lawsuit
RETIREMENT PLANNING MAR 02, 2020
Oracle to pay $12 million to settle 401(k) lawsuit

The company allegedly breached its fiduciary duty, in part by selecting funds that allegedly made excessive revenue-sharing payments to Fidelity

By Emile Hallez
401(k) trading spikes amid correction
RETIREMENT PLANNING FEB 28, 2020
401(k) trading spikes amid correction

Rebalancing activity was the highest it's been since 2008, according to record keeper Alight Solutions

By Emile Hallez
SEC fines Wells Fargo $35 million for unsuitable sales of complex products
PRACTICE MANAGEMENT FEB 27, 2020
SEC fines Wells Fargo $35 million for unsuitable sales of complex products

Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty

By Mark Schoeff Jr.
Gold prices set to soar amid stock volatility
MUTUAL FUNDS FEB 27, 2020
Gold prices set to soar amid stock volatility

Investors turn to gold for its relative safety in volatile markets. The new coronavirus outbreak is fueling sales

By Emile Hallez
Why a renewable fund failed amid the ESG boom
MUTUAL FUNDS FEB 27, 2020
Why a renewable fund failed amid the ESG boom

Smaller providers are finding it tough to compete with the world’s biggest managers

By Bloomberg
Empower, ETrade to let 401(k) clients view accounts alongside stock plans
RETIREMENT PLANNING FEB 25, 2020
Empower, ETrade to let 401(k) clients view accounts alongside stock plans

The retirement plan provider says the side-by-side view isn't a signal that the different accounts should be treated similarly

By Emile Hallez
Advisers split on proposals for financial transaction tax
PRACTICE MANAGEMENT FEB 25, 2020
Advisers split on proposals for financial transaction tax

Some say it’s a smart way for government to raise revenue; others say it penalizes investors

By Mark Schoeff Jr.
401(k) 'kickback' suit against Fidelity booted from court
RETIREMENT PLANNING FEB 21, 2020
401(k) 'kickback' suit against Fidelity booted from court

A federal judge found that Fidelity was not a fiduciary to the plans at the center of a class-action lawsuit

By Emile Hallez
Berkshire dips toe into ETF market
ETFS FEB 20, 2020
Berkshire dips toe into ETF market

In the fourth quarter, the company made investments from its huge pile of cash in two exchange-traded funds

By Bloomberg
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse
ETFS FEB 19, 2020
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse

Will a majority stake in Precidian Investments put the merged firms on the ETF map?

By Jeff Benjamin
American Century lifts the curtain on nontransparent ETFs
ETFS FEB 14, 2020
American Century lifts the curtain on nontransparent ETFs

The asset manager has high hopes for the first two ETFs it's preparing to launch with the unique new wrapper

By Jeff Benjamin
Next Financial to return $500,000 to clients over fund sales
MUTUAL FUNDS FEB 14, 2020
Next Financial to return $500,000 to clients over fund sales

Texas securities regulator also fines the firm $100,000 for failure to supervise

By InvestmentNews