Results for "mutual funds"

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Gundlach warns U.S. economy is floating on 'ocean of debt'

January 14, 2019

Jeffrey Gundlach said yet again that the U.S. economy is gorging on debt. Echoing many of the themes from his annual "Just Markets" webcast Tuesday, Mr. Gundlach took part in a roundtable of 10 of Wall Street's smartest investors for Barron's....

Cetera fined $1.4 million for award-winning broker's excessive trades

December 20, 2018

Cetera Advisor Networks must pay nearly $1.4 million in fines and restitution in relation to the short-term mutual fund purchases of a former broker, who'd received sales awards from the broker-dealer for two consecutive years. The Financial...

T shares are dead

December 20, 2018

The Department of Labor fiduciary rule was expected to usher in a new era of mutual fund share classes that were more transparent and leveled the playing field for advisers. The death of the regulation altered the course of that revolution....

Vanguard combines two strong funds creating a $25 billion large-cap growth portfolio

December 17, 2018

The Vanguard Group, citing efficiencies and lower fees, is combing two big actively managed large-cap growth funds to create one really big fund. By the end of March, investors in the $15.1 billion Vanguard Morgan Growth Fund (VMRAX) will be...

UBS Global Wealth Management will give ESG scores to funds

December 3, 2018

UBS Global Wealth Management will score the environmental, social and governance strategies of investment funds available to its advisers and clients starting next year. The scores will be placed on all long-only equity and bond mutual funds...

Waddell & Reed settles 401(k) lawsuit for $4.9 million

November 21, 2018

Waddell & Reed Financial Inc. is settling a lawsuit that alleges it loaded its company 401(k) plan with costly in-house investments by agreeing to pay nearly $5 million. The class-action lawsuit claimed the asset manager breached its fiduciary...

Vanguard cuts investment minimums in escalating price war

November 19, 2018

Vanguard Group cut investment minimums across dozens of index funds Monday, giving a greater number of investors access to its lowest-cost retail share class and escalating an ongoing battle among money managers to slash costs in a bid to attract...

D.A. Davidson is latest broker-dealer snagged for overly expensive fund shares

November 1, 2018

D.A. Davidson & Co. is the latest in a long line of brokerage firms to be flagged by the Financial Industry Regulatory Authority Inc. for not giving certain clients discounts when they bought mutual fund A shares. On Tuesday, Finra said it had...

More reps bolt from Waddell & Reed, including some it would have liked to have kept

October 31, 2018

Waddell & Reed Financial Inc. lost another 56 brokers in the third quarter, as senior management continued to stress its strategy of shedding low-producing talent and building the firm around its most productive advisers. For the 12 months ended...

10 fund categories that survived the stock market pullback

October 12, 2018

October’s burst of stock market volatility caught some investors by surprise, while possibly putting a smile on the faces of investors waiting patiently for exactly this kind of pullback. Over the 30 days ended Oct. 11, the S&P 500 Index fell...

Vanguard experiences technical problems during Wednesday sell-off

October 11, 2018

Vanguard Group, the biggest U.S. mutual fund firm, experienced technical problems Wednesday that made it difficult for some customers to access its website by phone or the internet amid the market rout. The company blamed "periodic network connectivity...

When investment performance is too good to be true

October 10, 2018

While past investment performance should never be interpreted as an indicator of future returns, a rare snafu involving the Great-West Multi-Sector Bond Fund (MXUGX) shows that sometimes past investment performance isn't even an indicator of...

Tools of the Trade

October 4, 2018

Given the flow of investor money into exchange traded funds, or ETFs, it's clear they've become very popular. ETFs are portfolios of holdings in which their shares trade throughout the day, like stocks. But there are some differences to keep...

10 best-performing fixed-income funds in Q3

October 2, 2018

While stocks raced ahead in the third quarter, bonds put in a less impressive performance. Fixed-income securities are overshadowed by rising rates, with the Federal Reserve’s 25-basis-point rate hike last Wednesday its eighth such move since...

Cash comes into focus as interest rates continue ascent

September 26, 2018

Cash, an asset class that's been in the doldrums for the better part of a decade, is beginning to show signs of life. The Federal Reserve cut its benchmark interest rate to near zero a decade ago in an effort to stoke the American economy in...

Former CEO of AllianceBernstein raises $4 billion to launch fund company

September 20, 2018

Peter Kraus, the Wall Street veteran who recently led AllianceBernstein Holding, is starting a mutual fund company — and aiming to shake up the industry's traditional fee model. Italian insurer Assicurazioni Generali is backing Mr. Kraus's...

Fidelity CEO says zero-fee funds aimed at attracting new customers

September 14, 2018

Fidelity Investments CEO Abigail Johnson said the company's decision to launch a series of no-fee mutual funds had a simple rationale: Bring in new customers. "The objective was to lower the friction and get more people to try Fidelity," Ms....

SEC penalizes RIA more than $2 million for 12b-1 violations

September 14, 2018

A Pennsylvania investment advisory firm on Friday agreed to pay $2.1 million in a settlement with the Securities and Exchange Commission over sales of high-fee mutual fund share classes. In the order, the SEC alleged that from April 2013 through...

Fidelity launches two more zero-fee funds

September 13, 2018

Fidelity Investments said it will start two additional zero-expense-ratio mutual funds, stepping up its push to lure cost-conscious individual investors. The Fidelity Zero Large Cap Index Fund and the Fidelity Zero Extended Market Index Fund...

Finra fines Citigroup $100,000 for overcharging clients

September 10, 2018

Citigroup Global Markets Inc. has been fined $100,000 by the Financial Industry Regulatory Authority Inc. for failing to properly supervise the sale of mutual funds to certain retirement plan and charitable organization customers. According...

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