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Industry, investor advocates oppose key parts of SEC mutual fund reform
The SEC has proposed using swing pricing and a hard close for share purchases to protect investors during market meltdowns. Critics warn changes could ruin mutual funds.
Advisors’ worst fears coming into 2023 proving groundless, so far
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
Vanguard goes against the grain by shuttering alternatives fund
The mega fund complex known for passive strategies is removing two active mutual funds from its lineup.
Schwab ordered to pay investor $144,000 for allegedly unsuitable complex ETF
Dominic Ismert's attorney said the recommendation to invest in an oil fund was made 'off the cuff,' without appropriate research and analysis of whether it was suitable for him.
Mutual-fund-to-ETF conversions fail to wow investors
More than a third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg.
Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
Fidelity readies ESG target-date series
The firm would be one of several companies providing sustainable target-date funds in the US.
Putnam launches sustainable target-date series for retirement savers
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
Vanguard’s tax-busting fund design may face competition
PGIA has filed to replicate Vanguard’s model, which if approved, could potentially apply to 20 products with about $100 billion spread across the mutual fund issuer's 5 US subsidiaries.
BNY Mellon files for Women’s Empowerment ETF
The fund aims to invest in companies that help improve the quality of life for women.
Bond managers see 2023 as stark contrast from carnage last year
DoubleLine's Jeff Sherman and BlackRock's Steve Laipply see many opportunities in the fixed-income market.
Mutual fund companies can no longer ignore ETFs
Active managers American Funds and T. Rowe Price are finding success as newcomers to the exchange-traded fund space.
Pimco’s Daniel Ivascyn closes in on his next big trade
After making a killing by scooping up speculative mortgage debt on the cheap in the wake of the financial crisis, Ivascyn expects the next big opportunity to come in corporate debt.
Direct indexing touted as client prospecting tool
The product can benefit any investor with a taxable account, not just the wealthiest clients, says a panelist at the ETF Exchange conference.
Bucking the trend: Why some advisors refuse to outsource investment management
As portfolio management becomes increasingly commoditized, advisors make the case for managing assets in-house and promoting that to clients as a unique value-add.
In ‘hell freezes over’ moment, American Funds pairs up with passive ETFs
The 90-year-old active management complex is launching 12 model portfolios that combine its active mutual funds with ETFs from Schwab, Vanguard and BlackRock.
Legislation lets funds delay redemptions if transfer involves senior abuse
The bill sails through House, 419-0, on a fast track. Its author, Rep. Ann Wagner, R-Mo., hopes the Senate acts this time around.
BNY Mellon plans to launch ETF focusing on innovation space
The BNY Mellon Innovators ETF will invest in innovation-driven companies, which are considered to be ‘leading-edge’ firms.
More advisors are jumping on the bitcoin bandwagon
With the cryptocurrency's price up 40% so far this year, a new report shows a doggedly bullish outlook among investors and advisors willing to look past extreme volatility.
ChatGPT’s ability to make a market-beating ETF is put to the test
The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.
