Displaying 54 results
Ebbing passive demand poses challenges for asset managers
As the lines between active and passive strategies blur, product teams will have a tougher time appeasing advisors, Cerulli says.
Mutual funds make a comeback in February, Cerulli says
Data show the first net inflows into mutual funds in roughly two years, with an unprecedented $22 billion net influx into active ETFs.
Mutual fund flips boost Morgan Stanley ETFs to $1B in assets
The firm did its first-ever conversions involving two Eaton Vance fixed-income funds.
Vanguard makes quiet AI bet with $13B in quant stock funds
After adding an artificial intelligence spin to four factor-based funds, the asset manager sees promising signs
Inflation rising but 401(k) mutual fund fees falling, says ICI report
The downward trend in the expense ratios that 401(k) plan participants incur for investing in mutual funds continued in 2021.
Invesco gives 34-year-old underperforming fund an ESG makeover
The firm’s UK Companies Fund will become the Invesco Sustainable UK Companies Fund at the end of the month.
SEC continues to smack firms over conflicts around fund fees
Rothschild and MML Investors Services are latest to be penalized for inadequate communications to clients concerning fund fees.
Crown Capital prepares for $1.38 million SEC penalty
The broker-dealer is potentially facing a penalty from the Securities and Exchange Commission due to sales of high-fee mutual funds. The regulator launched its Share Class Selection Disclosure Initiative in February 2018.
Advisers are missing the boat on ESG: Cerulli
Surveys of investors and financial advisers show a disconnect between what investors want with regard to environmental, social and governance strategies, and what most advisers think their clients want.
Hartford rejects Chubb’s $23 billion takeover proposal
The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.
Chubb explores acquiring $22 billion rival Hartford
Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.
T. Rowe Price launches global ESG fund
The active fund for US investors will try to beat a global index, the MSCI All-Country World Index.
Value-focused IVA Funds files to liquidate, close up shop
Faced with shrinking assets and performance challenges, the $2.5 billion boutique asset manager will shutter its two funds next month.
ESG rises to the top of Lipper Awards
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
French asset management firm to buy Litman Gregory
iM Global Partner intends to enhance its U.S. distribution capabilities with the acquisition of the California wealth and asset management firm.
The ESG space must take a hard line on greenwashing
The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.
Climate activist takes aim at Vanguard
The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.
$1.8 billion mutual fund halts redemptions over alleged fraud
The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.
