Oppenheimer has about $3.5 billion in Puerto Rican debt spread across 19 funds, according to Morningstar.
<i>Breakfast with Benjamin</i> Plan to default on $1 billion worth of general obligation bonds has markets on alert.
Regulator said fund company misled investors about the performance of its actively managed Total Return ETF.
Small-cap value funds have soared 21.37% this year, vs. 2.66% for large-company growth funds, one of the largest disparities between U.S. diversified stock funds in recent memory.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
Shareholders typically don't like paying taxes on income they haven't received.
While some bond strategies are eking out a modest return, a shift in thought toward taking distributions from a total return portfolio broadens advisers' options.
On a tear before the election, the average fund is down 4.4% after it because of president-elect's rhetoric about countries like Mexico and China.
After a seven-year bull market, few funds have offsetting losses to reduce those gains. Expect the biggest distributions from small-cap funds.
Edward C. Johnson III to become chairman emeritus.
Analysts, advisers struggle with when, where and why to use alts
Asset manager takes 36% stake and its ETF models will be made available through the digital platform, which has changed its name.
Money flows out of bonds into stocks.
It will help advisers and investors measure correlation and volatility of past returns.
The transition will be completed by the time the Department of Labor fiduciary rule takes effect.
The bond market selloff is getting more serious, with some popular funds down nearly 20% since the summer.
Veteran managers from Ariel, Gabelli, Monetta and Pioneer share their lessons.
Telling advisers to never assume enough is enough when it comes to research.
