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To enable portfolio managers of its target-date funds to respond more nimbly to extreme market volatility, starting in April, AllianceBernstein will allow these funds to move up to 20% of their assets from equities and real estate investment trusts into bonds and cash.
February 17 -
Fidelity Investments may possess the largest supermarket of mutual funds, $3.2 trillion of assets under administration and $1.5 trillion under management.
February 17 -
Bank brokerage revenue fell 14% in 2009 in relative terms across banks of all sizes, according to new data from Kehrer-LIMRA.
February 17 -
The Boston company may have the largest supermarket of mutual funds, but its no longer just about offering a wide selection of mutual funds or getting companies set up with retirement benefits programs.
February 17 -
Seventy-eight percent of advisers increased the number and duration of client contacts in 2009 to regain their trust after the very difficult year before, and while that has distracted many from business strategies, 68% of advisers are confident about their practices in the coming year. This is according to a survey of 1,804 advisers and 150 broker/dealers that Curian Capital conducted via Zoomerang.
February 16 -
Although the Obama administration recently gave its stamp of approval on annuities as a solution for retirement income, many professionals warn that their low yields and increasing fees should give investors pause, The Wall Street Journal reports.
February 16 -
Invesco has launched a defined contribution website at invesco.com/dc aimed at plan sponsors, consultants, recordkeepers and advisers. It will include information as well as brochures, calculators, whitepapers and videos.
February 16 -
U.S. stock mutual funds received $2.7 billion in inflows in January, reversing four consecutive months of outflows. “I think investors are growing more comfortable coming back into the stock market after 2009’s rally,” Morningstar Senior Fund Analyst Sonya Morris told The Wall Street Journal. “They’re beginning to show signs of shaking off some of the fear that was induced from 2008’s downturn.”
February 16 -
The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.
February 15 -
