Investments

Plan participants who pick their own mix of investment options are generally exposed to greater risk due to reduced diversification, according to The Principal.

Generation X and Y are more likely to look for lower risk alternatives than boomers and older generations.

KPMG has brought on board several new partners and managing directors to bolster the firm’s Alternative Investment Funds practice.

The asset-management industry scored a victory when SEC Chairman Mary Schapiro abandoned her quest to impose tougher rules on money-market mutual funds, but some expect the celebration will be brief.

Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.

Here is the text of the statement by Securities and Exchange Commission Chairman Mary Schapiro on money market mutual fund reform.

Mary Schapiro, Chairman of the U.S. Securities and Exchange Commission, canceled a vote on a proposal to tighten money-market fund rules amid opposition from fellow commissioners and a lobbying campaign by fund companies.

Money Fund Reform Drops Dead

Here is the text of the statement by Securities and Exchange Commission Chairman Mary Schapiro on money market mutual fund reform

The Dow Jones Industrial Average fell 30.82 points Wednesday to close at 13,172.76 while the Nasdaq and S&P 500 added 6.41 points and 0.32 points, respectively.

Investors last week pulled an estimated $2.67 billion from U.S. stock funds, down from $3.56 billion the prior week and half that two weeks earlier.

Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.

For the week ended Aug. 15, investors pulled an estimated $2.67 billion from funds that invest in U.S. stock mutual funds, substantially less than the $3.56 billion withdrawn the week before.

Heavy lobbying continues in the lead-up to what some expect will be an Aug. 29 SEC vote on controversial money market reforms.

With 1,000 ETFs now trading on Xetra, the Deutsche Bourse’s electronic trading platform, the exchange remains the leading trading venue for ETFs in Europe.

Two trade groups for corporate treasurers have sounded the alarm about proposed reforms of money market funds, warning that proposed regulations could reduce large companies' financing options - and add to their dependence on megabanks.

Jensen Investment Management has hired Gabe Goddard as chief compliance officer and counsel.

Steve Atkinson, "The Advisors' Coach," says investing in people, entrepreneurship and improved corporate efficiencies is a far cry from gambling and it's important that advisors and their clients appreciate the difference.

Index funds are "just slightly underperforming" their benchmarks because of their small expenses, according to a Lipper report.

The measure of success for Christopher Donahue's defense? That the SEC so far this year has not sought a showdown on reform.