Forty-six percent of managers now believe U.S. stocks are overvalued, according to the investment manager's survey.
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
ICI says assets in DC plans rose slightly to $6.8 trillion, up 0.4% from the quarter ended March 31. Of that, $4.7 trillion was in 401(k) plans.
Index giant enjoys 7.9% increase in assets over last year while Boston behemoth suffers 3.4% drop.
The Federal Open Market Committee, led by Chairwoman Janet Yellen, said last month that despite further progress, economic conditions warranting an increase in the target range for fed funds had not yet been met.
Survey finds expectations of interest rate hike hits sentiment but strong dollar considered positive for the global economy and markets.
New York City Retirement Systems, TIAA-CREF join group of investors alleging ARCP misrepresented the company's business, "engaged in a scheme to deceive the market and a course of conduct that artificially inflated prices of American Realty securities.”
