The BrightScope 401(k) plan ratings service is skewering the Investment Company Institute over its defense of target date funds.
The Vanguard Group Inc. today changed the benchmarks for ten stock sector index mutual funds and corresponding exchange-traded funds from their old MSCI indexes to new MSCI 25/50 benchmarks. Those benchmarks are designed to meet IRS standards for registered investment companies.
iShares today launched a suite of municipal bond exchange-traded funds with a planned end date. The feature allows investors to obtain targeted exposure to the municipal yield curve.
The Charles Schwab Corp. today announced the launch of six new managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
The founder of the No-Load Mutual Fund Association — now The Mutual Fund Education Alliance — hopes to announce the creation of a new organization representing exchange-traded funds next month.
More asset managers are getting out of the money market fund business because the regulatory and market environment often makes offering such funds unprofitable.
After more than five years of solid performance, including a run in 2009 that saw assets more than double to nearly $1 billion, the TFS Market Neutral Fund (TFSMX) is introducing a “hard close” and will stop taking any investments on Jan. 22.
Two mutual fund acquisitions were announced today, one involving a fund group with $6 billion in assets that has changed hands several times over the last few years.
Washington in general — and President Barack Obama in particular — is getting in the way of the stock market rally, according to Uri Landesman, head of global growth at ING Investment Management Americas.
After enjoying the “beta rally” of 2009, investors should view 2010 as more of a defensive play, according to Gary Stroik, chief investment officer at WBI Investments.
Investors are ignoring mid-cap stocks at their own peril, according to Thyra Zerhusen, manager of the $1.3 billion Aston/Optimum Mid Cap Fund (CHTTX) from Aston Asset Management.
All signs point toward staying fully invested, according to Howard Present, co-manager of the Virtus AlphaSector Rotation Fund (PWBAX).
Who were the top portfolio managers of the last ten years and why? Watch the video below from Morningstar and find out:
The closed-end fund market begins 2010 on a somewhat muted note, without the customary New Year's bounce.
ProShares today launched eight exchange-traded funds that aim to magnify their benchmark exposures by 300%.
OppenheimerFunds Inc. has lost its head of distribution just five months after he joined the firm.
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
</i>Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter</i>
Strong domestic earnings over the next few quarters will add fuel to the charging U.S. equity market, said Michael Aronstein, manager of the Marketfield Fund (MFLDX).
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
