The National Association of Active Investment Managers Inc. has launched an index of actively managed mutual funds that performed well during last year’s market downturn. The Littleton, Colo.-based trade association — which represents some 200 registered investment advisers, including some who offer mutual funds — created the index out of funds offered by its members. The Actively Managed Fund Index comprises 21 funds that outperformed the Standard & Poor’s 500 stock index by at least 15% in 2008 and 16% over the two-year period ended Dec. 31. The top three performers in the NAAIM AMF Index are TFS Market Neutral (TFSMX), offered by TFS Capital LLC of Richmond, Va. and Direxion Spectrum Select Alternative (SFHYX) and Direxion PSI Total Return (DXTRX), both offered by Direxion Funds of Boston. The funds also outperformed nearly 20,000 actively managed mutual funds, excluding money market and bond funds, tracked by the Chicago-based research firm Morningstar Inc. by more than 15%, the NAAIM reported. The association will update the index performance monthly on its website, naaim.org. The association’s member firms represent an estimated $17 billion in assets under management.
A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.
Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.
After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.
The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.
An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
