Finance

The Managed Funds Association urged the agency to do more analysis before moving forward.

Unlike many digital advisors, Retirable is not offering investment management or targeting millennials.

The Labor Department has opened the door to using PE as a component of a target date fund held within a DC plan, writes iCapital Network CEO Lawrence Calcano.

In the first half of the year, fewer than a third of U.S. domestic equity fund managers delivered annualized returns that outpaced the S&P Composite 1500.

The fund giants voted for 99% of U.S. directors proposed by the energy, utility, banking and automotive companies reviewed by nonprofit research group Majority Action.

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

Funds from the biggest three issuers account for more than 80% of the industry's total assets.

While some industry employees are eager for the normalcy of their offices, others are more reluctant as experts predict another rise in virus cases.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

Chairman Jerome Powell and other officials have stressed that recovery is highly dependent on the nation’s ability to better control the coronavirus.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

The free lunches are over. Sort of.

Despite some impressive short-term gains, more than half underperformed their peers over the decade.

Investors are placing their bets on value funds after the category posted its worst quarter this century in the wake of the coronavirus pandemic.

The decisions entrench a prolonged decline for prime funds, and could hurt a market that thousands of companies rely on for funding.

JPST, which tracks investment-grade securities maturing in a year or less, has attracted over $3.7 billion in flows this year.

Hundreds of strategies that outperformed in backtesting are failing to live up to their hype once they are packaged up and sold as ETFs, a study finds.

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.