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.
It's been a busy few months for The Hartford Financial Services Group Inc.
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.
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
Lee Kranefuss talks about the early days of bringing exchange-traded funds to the masses
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.
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
FBI searches offices of Level Global Investors and Diamondback Capital Management; government 'needs to use force'
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.
Hedged strategies specialist benefiting from rise in number of mergers and acquisitions
