The SEC should move with haste to revamp 12(b)-1 fees
Don't hold your breath waiting for changes in mutual fund marketing fees.
Confluence will audit data through Oct. 29; 'the year of transparency'
Index specialist's cheaper funds gaining fast on BlackRock, State Street; 'hard pill to swallow'
BlackRock Inc. is losing its tight grip on the $927 billion U.S. ETF market — potentially costing the company hundreds of millions of dollars in revenue — and the competition is just starting to heat up
Financial advisers and mutual fund executives are increasingly worried that the latest insider trading probe will result in regulations limiting how active fund managers are allowed to use outside research, hurting returns and prompting investors to flock to index funds.
Wellington Management Co. LLP issued a statement Friday saying it had been told it isn't a target in the current insider trading probe, despite having received a subpoena last week as part of the investigation.
The Vanguard Group Inc. is looking to expand its non-U.S. exchange-traded-fund business in the next five years. Specifically, the firm intends to enter Hong Kong and Canada next year, said F. William McNabb II, president and CEO.
News of a federal investigation reportedly probing mutual fund companies, broker-dealers and consultants — as well as investment banks and hedge funds — could cause investors to dump equities, according to industry observers and financial advisers.
Putnam Investments has significantly lowered the expense ratios on its slate of Absolute Return funds and its RetirementReady Lifecycle funds.
A First Republic Bank unit was ordered to pay a retired Stanford University professor and his wife $2.18 million after arbitrators found the firm gave them only a “fleeting and slapdash” explanation of a municipal bond fund that imploded during the credit crisis in 2008.
Exchange-traded funds that follow the same index should provide almost identical returns. But they don't, thus complicating the financial adviser's job of choosing among the 1,000-plus ETFs for sale in the United States.
It's been a busy few months for The Hartford Financial Services Group Inc.
American Funds, long-known as an equity player, is trying to reposition itself as a more diversified asset manager with a string of funds set to launch in the next few months
Some say that the only thing growing faster than the nearly $1 trillion exchange-traded-fund market is the use of options on those nearly 1,000 funds. That may be a slight exaggeration, but it does underscore a trend.
Lee Kranefuss talks about the early days of bringing exchange-traded funds to the masses
Lamco Advisory Services Inc. will be the first independent advisory firm to start allocating client assets to an ETF option overlay strategy managed by MDE Group Inc.
Retirement funds have recouped losses from 2008 market crash; 2010 funds up 5% from 2007
Rise in value of assets offsets outflows for Invesco, Janus
