The number of mutual funds receiving the highest possible stewardship grades from investment research provider Morningstar Inc. dropped, while the number receiving the lowest grades increased as a result of the company's Sept. 25 revision of its grading system to impose new, tougher standards.
More wirehouses and B-Ds realize they need to allow advisers to take on fiduciary services.
The ETF 50 Index increased 4.7% in September, marking its largest monthly gain this year.
Investor appetite for hedge funds will be gauged as London-listed closed-end funds are expected to announce plans to raise a combined $612 million.
New legislation is being written as congressional interest in 401(k) fee disclosure rules heats up in advance of a round of hearings set for this week.
The five TDAX Independence ETFs are a joint venture between TD Ameritrade and XShares Advisors.
September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors.
Hedge fund managers, traders and analysts are keeping a close eye on the weather — and not just to get an idea of what the weekend will be like.
