Money Management Executive Latest News

Investors Backlash Against 401(k)s Via Class-Actions

While a few mutual fund companies are trying to appeal to women investors, the majority of companies fall short when equipping advisers with specific women-related resources, according to a recent report, "Women and Investing: Shifting the Traditional Sales Paradigm," by Corporate Insight.

There is positively no shortage of exchange-traded funds to be had these days, and more inventive and narrowly focused products are emerging or in the wings.

Exchange-traded-funds have flourished in the past few years. However, new concerns are bringing to the forefront how the product can confuse investors, according to The Wall Street Journal.

Bigger doesn’t always mean better, but in the case of hedge funds, it might, as large and well-known hedge funds are considering taking cash and business from smaller and newer investors through initial public offerings, according to The Wall Street Journal.

General Motors will be eliminating nearly half of the options in its 401(k) plan but adding other choices later this year, the Detroit Free Press reports.

Fidelity Investments is running three new TV ads that depict people talking about their finances, rather that former Beatle Paul McCartney, The Boston Globe reports.

Edward “Ned” Johnson, chairman of Fidelity Investments, will assume more responsibilities at the firm upon the retirement of Vice Chairman and Chief Operating Officer Robert Reynolds, the firm announced Thursday. Reynolds, 55, is leaving the firm after 23 years.

Affluent investors are increasingly turning to closed-end funds as diversification tools, Dow Jones reports. Because they close to new investments after an initial public offering, they place a greater amount of their assets in illiquid investments.

Kinetics Asset Management, the company that brought us the first Internet fund, is planning to launch the Water Infrastructure Fund, Dow Jones reports. It will invest in U.S. and foreign companies that supply water infrastructure and related natural-resources businesses.