The firm miscalculated annual yield and income for nine funds on approximately 8.5 million statements. It also failed to act promptly when customers noticed something was wrong.
As interest in artificial intelligence grows, it's worth looking under the hood of sector ETFs.
About $46.7 billion poured into US money market funds in the week ended Wednesday as investors piled into assets offering relatively safer returns amid the uncertainty around talks on extending the US debt limit.
The SEC chair drew the ire of fund officials when he suggested that the agency looks out for investors while the industry looks out for itself.
The new policy will apply to more than 80% of institutional equity fund assets and ETFs.
'ESG funds are not the next great innovation,’ Tim Buckley said at an Investment Company Institute conference. 'They’re a client preference, and we need to treat it as such.'
The fourth ETF from upstart Qraft will test the limits of AI by going in and out of the market based on what the data say.
Resolutions asking companies to phase out coverage for new projects aren't doing as well as those pushing insurers to disclose plans for their climate goals.
Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.
More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.
An analysis tool on its Invest Your Values site gives participants a peek into the exposure their plans have.
The four ETFs consist of passive and factor-based exposures managed by Envestnet and active exposures managed by third-party investment managers.
Fifty years after the passage of ERISA, the insurance industry has come to the rescue with solutions that allow retirement plans to address the problem of decumulation.
Just 58 sustainable exchange-traded funds launched globally in the first quarter, down from 101 that were introduced during the same period last year.
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
The North Dakota firm and one of its advisors didn't understand the risks associated with the complex products and failed to determine whether they were in clients' best interests, the agency says.
Chief investment officer Matt Cole takes on the added role of CEO at the disruptive new asset management shop after Vivek Ramaswamy's departure.
The plan feature is provided by Global Trust Co. and Annexus Retirement Solutions.
A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.
The redemption announcement comes after the UK-based lender said it had erroneously sold $15 billion more structured notes and ETNs over the course of about a year than it had registered for.
