Mutual funds

Advisers have turned into the new active investment managers.

The firm has been building its passive business as investors dump active products.

The purchase is a part of a growing effort to provide investors with information about the eco-friendliness of their portfolios.

July 31: Being a good judge of character is a central ingredient, the co-founder of LM Capital says.

Data reported by the Investment Company Institute.

CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

For clients looking for investment income, these funds excelled in the first half of 2017.

Investors pulled $2.1 billion from domestic mutual funds and ETFs in the week ending July 12.

A net 80% of investors think America is the most overvalued region, analysts say.

July 24: The world’s largest independent broker-dealer has launched a new mutual fund platform to adhere to the rule.

Data reported by the Investment Company Institute.

The nation’s largest IBD plans to launch a platform with load-waived shares from 20 companies.

The firm joined BlackRock as a strategic partner of the alternative investment tool aimed at wealthy clients. Plus; other launches.

July 17: The space, once scoffed at by managers, is expected to grow by more than $300 billion this year.

Data reported by the Investment Company Institute.

The firm’s growth last quarter was the biggest since the 2014 departure of its co-founder Bill Gross.

Investment head Tim Buckley will succeed Bill McNabb, who led efforts that more than tripled the firm’s assets since taking over as CEO in 2008.

The firm is adjusting to more investors opting for low-cost funds over active management.

The new job will focus on middle-office services like hedge funds, software solutions and the firm’s message and connectivity engine.

East Capital’s founder says investors struggling to demonstrate value in the face of competition from ETFs should take a lesson from investing in Russia.