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The Securities and Exchange Commission and the Department of Labor will hold a joint hearing on June 18 at DOL headquarters examining target-date funds.
May 12 -
With more millionaires loading up on cash and fixed income, financial advisers are revisiting their fee structure, Investment News reports.
May 12 -
WisdomTree and Dreyfus have joined together to launch the WisdomTree Dreyfus Emerging Currency Fund, an exchange-traded fund listed on the NYSE Arca.
May 12 -
For the first time, the majority, 55%, of Fortune 100 companies now offer new salaried employees only a defined contribution plan, according to Watson Wyatt. This is up from 46% at the end of 2007.
May 12 -
An article in The Dallas Morning News warns investors against the wide discrepancies in the glide paths, or asset allocations, of target-date funds. As a result of too much risk, it says, some target-date funds are missing the bulls-eye.
May 12 -
Education and longevity solutions are two of the biggest opportunities available to 401(k) providers, according to a study by String Financial.
May 12 -
WASHINGTON--Across the board, executives from leading mutual fund companies reported during the Investment Company Institute's General Membership Meeting that investors have held steady during market turbulence, with only 1% to 3% redeeming equity fund shares in the face of huge market drops.
May 11 -
UMB Fund Services, a subsidiary of UMB Financial Co., the listed, Missouri-based multi-bank holding company, added to its holdings JD Clark & Co., an alternative investment firm, in an all-cash deal.
May 11 -
At its annual meeting before registered investment advisers and brokers, Fidelity admitted it fell short of its own expectations in working with them during this turbulent time, Investment News reports. Yet, executives vowed that they will increase contact, and, in turn, asked advisers to increase their contact with investors, to restore their confidence in the markets.
May 11 -