Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena.
OppenheimerFunds Inc. of New York is facing a class-action involving its California Municipal Fund, which lost 41.3% last year.
Putnam Investments today announced that David Glancy has joined the firm as managing director and portfolio manager of a couple of new planned offerings.
Find out what advisers think about leveraged ETFs and ETF providers, plus more, in this latest <i>InvestmentNews</i> ETF Survey. And get some insight into what the future holds for ETFs at The Vanguard Group.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
The stock market may be reeling, but small fund groups are faring better than bigger ones — at least in terms of bringing in fresh cash.
Pacific Investment Management Co. LLC recently unveiled its first global bond index.
Although financial advisers generally welcome new exchange traded funds that invest in municipal bonds, some industry experts question whether they are the best way to access such an opaque market.
Mutual fund wrap accounts, sometimes seen as a retail-class underling to more sophisticated separately managed accounts, are gaining a bigger following.
Absolute-return investing is an innovative strategy because it focuses on pursuing returns while still managing risk.
Putnam Investments tomorrow will lay off about 260 employees, roughly 10% of its work force, mostly from distribution and operations.
Led by the Social Investment Forum, more than 50 organizations are calling on President Obama to establish an Office of Innovation in Corporate Responsibility within the White House.
Mutual fund companies are be-ginning to churn out products that focus on delivering absolute, rather than relative, returns.
Investors expect mutual fund boards to fight for lower fees, but in this market environment, that is unlikely to happen.
While few mutual funds delivered positive returns last year, some of the biggest losers ultimately could deliver the largest tax benefit to investors, as accumulated net capital losses may offset future gains.
Van Eck Global has launched a high-yield municipal bond exchange traded fund, the Market Vectors High-Yield Municipal Fund (HYD).
Pimco today launched a global bond mutual fund, the Pimco Global Advantage Strategy Bond Fund (PSAIX).
Curian Capital LLC has introduced limited exposure to alternative-class investments on its separately managed accounts platform.
Actively managed exchange traded funds may finally start to take off as mutual fund companies look to differentiate themselves in a tough market, according to some industry experts.
Investing according to strict environmental, social and governance principles is fast gaining acceptance among U.S. investors.
