Assessing risks from mutual funds' use of synthetics requires principals-based approach, group's task force tells SEC
The Charles Schwab Corp.'s effort to drum up business in its newly launched stable of exchange-traded funds by waiving commissions for its clients continues to draw intense interest from its competitors and advisers. At two separate conferences Wednesday, questions were raised about Schwab's ground-breaking decision with various levels of concern.
American Funds had for years been a darling of the adviser community, but after the market tanked in 2008, the funds' equity bent hurt performance.
The Charles Schwab Corp. last week announced the launch of six managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
Take it from the experts at Morningstar: Don't blindly follow the stars in their rating system.
J.P. Morgan Asset Management has named George Gatch, the president and chief executive of J.P. Morgan Funds, as chief executive of its investment management Americas business, replacing Eve Guernsey.
U.S. One plans to file for three additional funds: a global-fixed-income ETF; a balanced ETF and a series of portfolios that will mimic target date funds.
Investors still feeling bruised by the terrible mutual fund returns of 2008 and early 2009 can expect to be disappointed again when they get their statements for the second quarter. While most fund categories did well in the first quarter, during the April-June period there were few places to hide.
Standish Mellon Asset Management Co. LLC is scaling back the level of risk within its municipal bond portfolios but isn't worried about massive defaults among local and state governments, according to an executive at the firm.
RS Investments last week announced an agreement to acquire certain assets of Oak Value Capital Management Inc.
Legg Mason Inc.'s Bill Miller said he is sticking with his bets on Goldman Sachs Group Inc. because the fallout from the fraud accusations against the bank will probably be limited.
Unicredit Group SPA will send out the pitch book next month for its Pioneer Global Asset Management SPA unit — with a breakup of the subsidiary likely, according to investment bankers familiar with the discussions.
MMA Praxis Mutual Funds group is holding on to its holdings in BP PLC, despite the company's role in the recent oil spill in the Gulf of Mexico.
Move comes months after competitors Charles Schwab & Co. and Fidelity Investments separately eliminated commissions on certain ETFs
Dreyfus Appreciation Fund Ticker:(DGAGX) ranks as an S&P five-star Domestic Equity mutual fund because of its relatively strong track record, its ownership of stocks that S&P Equity Research views on average to be undervalued and having financial strength, and S&P's view that DGAGX assumes less risk and incurs relatively low costs for its shareholders than its large-cap core peers.
Acquisitive company looking at 'everything that goes by'; Pioneer Investments being eyed?
Data shows an 83% flip rate over past three years; firm cites revamp of Retirement Ready line
Such portfolios seen as the next big push for providers of exchange-traded funds
Federal regulators on Wednesday proposed new disclosure rules for target-date retirement funds that would require sponsors to spell out how they are investing the money and to warn about risks.
