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
Offerings from American Funds, Fidelity Investments and The Vanguard Group Inc. had the biggest net outflows last year, according to Morningstar Inc.
Pioneer High Income Municipal Fund was last year's best performer among peers because it held revenue bonds from non-government issuers such as airports and hospitals, which were sheltered from the default speculation that buffeted states and cities.
American Funds No. 1, but some surprises on the list as well
With investors finally returning to the stock market, the last thing financial advisers and fund managers need right now is an industry scandal. But according to reports, that may be exactly what they're facing.
FBI searches offices of Level Global Investors and Diamondback Capital Management; government 'needs to use force'
Hedged strategies specialist benefiting from rise in number of mergers and acquisitions
Fund giant launching new offerings in bid to to diversify, reposition firm; 'caught short-suited'
S&P is positive on VGK because the security has above-average yield of 3.75% and its holdings are made up of what S&P considers attractive companies that historically have strong cash flows to support dividend growth
But the road to riches is paved with lots of obstacles, experts say
