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Galvin examining ‘surprise’ taxes on target-date funds
The Massachusetts securities regulator's latest sweep targets the broker-dealers of the largest fund companies in the industry: Vanguard, Fidelity, T. Rowe Price, BlackRock and American Funds.
American Funds to chop fees, change management on five VA funds
The changes, which take effect May 1, mark the second time in a year that the company has significantly altered its insurance-series funds to make them match their better-known retail counterparts.
Target-date fund 2020 sales in red as CITs rose, older workers fled: Report
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
401(k) advisers busier this year helping with rollovers, distributions
A recent survey found that advisers are working with participants more than usual amid the pandemic
Giant fund companies are upbeat on stocks
Fund managers and strategists at Capital Group, Franklin Templeton and BlackRock say equities remain attractive
Cash is king as investors flee bond funds, active equities in March
Outflows from fixed-income funds hit a record $240 billion last month, says Morningstar
Sales, returns push TDF assets up by $290 billion in 2019
Vanguard still accounts for 37% of the market for target-date funds, Morningstar data show
Cetera, Allianz and Capital Group partner on retirement income technology
The new tool will generate a basic income plan that combines guaranteed fixed annuities and traditional asset management models.
Capital Group, bastion of active management, rebounds to $1.9 trillion
American Funds sponsor still faces uncertain future as investors flock to low-cost, passive investing.
Asset managers preparing to launch nontransparent ETFs
With SEC approval closer than ever, fund companies focus on the latest ETF twist
American Funds veteran sees bright future for defensive active management
Joyce Gordon reflects on how she became a conservative portfolio manager.
Vanguard sees nearly half of all fund inflows in first quarter
Pursuit of low-cost, passive strategies sends $62 billion into Vanguard Funds, more than its three biggest competitors combined
American Funds offering TDFs in collective investment trusts
The firm is one of the last holdouts to launch CITs, signaling increased demand for the investment vehicle.
International funds continue to disappoint
Rising dollar, falling Europe add to 2018 losses in May, but international funds are still a good relative value.
Asset managers shift 401(k) distribution toward RIA aggregator firms
That could mean fewer wholesalers calling on individual advisers in the field.
Cost-cutting takes precedence in competitive defined-contribution environment
Managers of target-date funds continue to find ways to reduce fees
Fidelity maintains target-date volume; Vanguard comes out on top
Fidelity is still the second-largest TDF provider even though it has seen $20 billion in outflows since the start of 2012.
Capital Group, the sponsor of American Funds, sued for self-dealing in its 401(k) plan
The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.
Clean shares could revolutionize the fund industry
Divorce distribution and management fees
December stock flows highest since April 2000
And passive once again clobbers active.
