Acquisitive company looking at 'everything that goes by'; Pioneer Investments being eyed?
Data shows an 83% flip rate over past three years; firm cites revamp of Retirement Ready line
Such portfolios seen as the next big push for providers of exchange-traded funds
Federal regulators on Wednesday proposed new disclosure rules for target-date retirement funds that would require sponsors to spell out how they are investing the money and to warn about risks.
S&P thinks it is appropriate to put a global equity ETF like IOO into the strategic or core part of a portfolio that provides broad representation in major markets.
Fund industry participants lauded the SEC's latest attempt to boost target date fund disclosure — but say that more could be done to help clarify the investments for participants.
The Department of Labor and the securities regulator are said to be working on a joint consumer alert about target date funds. Other guidance from the DoL is in the offing, too.
The Labor Department today released proposed regulations that prohibit financial advisers giving advice to 401(k) plans, or their employer or the employer's affiliates, from receiving extra compensation because the plan sponsors bought a product recommended by the adviser.
In a bid to ease investors out of cash and back into the market, Putnam Investments is dropping the sales charge and broker payout on the Class A and Class M shares of three of its mutual funds.
When Robert L. Reynolds took over as president and chief executive of Putnam Investments in June 2008, the once-mighty fund company was sinking fast.
Fidelity Investments today announced that it will offer its retail customers — and and its registered investment adviser clients via a separate program — commission-free online trades for a suite of 25 iShares exchange-traded funds from BlackRock Inc.
The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages — plans to lower its commissions on all online stock and non-Schwab ETF transactions to $8.95 per trade.
Investors praying for divine inspiration may have gotten their wish today when three faith-based exchange-traded funds made their debut.
It takes about four months and about $50,000 to get a fund to market
RS Investments today announced an agreement to acquire certain assets of Oak Value Capital Management Inc., which is the adviser to the Oak Value Fund. The portfolio managers of the Oak Value Fund will also be joing RS Investments.
Despite its decidedly mass-market focus, The Mutual Fund Store maintains that client relationships are priority No. 1.
Invesco will reorganize — and reduce — its combined sales force when it takes over Van Kampen Funds Inc., the $119 billion retail money management unit it acquired last October from Morgan Stanley for $1.5 billion.
