Although the mistake was short-lived and the dollar value small, the mishap raises new questions about how managers monitor indexes.August 23
Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.August 22
Angst over the Fed’s decision to lower borrowing costs has seeped into the $3.8 trillion market for municipal bonds.August 21
Data & Research
Some of the same features that led to their unpopularity may also be what uncorrelated them from their peers, an expert says.
Fixed-income products designed to minimize interest rate risk are among the leaders.
The correlation between fees and performance is not “apples-to-apples when taking the funds’ underlying exposures into account,” an expert says.