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The push to allow CITs in 403(b)s
RETIREMENT PLANNING JUN 22, 2020
The push to allow CITs in 403(b)s

A bipartisan bill to amend the Internal Revenue Code hints at more attention to the issue, according to a report from Morningstar

Why the Fed pays ETF trading commissions when small investors don't
ETFS JUN 22, 2020
Why the Fed pays ETF trading commissions when small investors don't

There's more to the so-called free trades than meets the eye

Opening defined-contribution plans to private equity is a mistake
OPINION JUN 21, 2020
Opening defined-contribution plans to private equity is a mistake

U.S. regulators dropped the ball in a recent letter clarifying that regulations do not prohibit the use of private equity funds in 401(k) plans

Don’t conflate diversity and ESG
PRACTICE MANAGEMENT JUN 21, 2020
Don’t conflate diversity and ESG

For the financial advice community, achieving diversity represents its future

Outlook for the economy remains cloudy
EQUITIES JUN 21, 2020
Outlook for the economy remains cloudy

Massive stimulus efforts may not be enough to overcome the challenges posed by high unemployment, damage to small businesses

Borzi challenges SEC to use Reg BI to attack revenue sharing conflicts
MUTUAL FUNDS JUN 19, 2020
Borzi challenges SEC to use Reg BI to attack revenue sharing conflicts

The architect of the DOL fiduciary rule remains skeptical of the SEC measure

New virus-themed ETF trades under ticker GERM
MUTUAL FUNDS JUN 19, 2020
New virus-themed ETF trades under ticker GERM

The fund's biggest holding is Moderna, whose stock price has more than tripled this year on news about vaccine it's developing

BlackRock rolls out six ESG ETFs
ESG JUN 18, 2020
BlackRock rolls out six ESG ETFs

The funds' debut follows BlackRock CEO Larry Fink's pledge in January to increase sustainable ETF offerings

Wells Fargo sells $3 billion alternatives platform to iCapital
ALTERNATIVES JUN 18, 2020
Wells Fargo sells $3 billion alternatives platform to iCapital

Following an industry trend, the bank will leverage iCapital's technology to offer a white-label platform to clients

Labor Department gathers information on how retirement plans use ESG funds
RETIREMENT PLANNING JUN 17, 2020
Labor Department gathers information on how retirement plans use ESG funds

The agency is likely collecting data to shape a proposed rule on investment selection

On the record
MUTUAL FUNDS JUN 17, 2020
On the record

InvestmentNews’ Jeff Benjamin leads a roundtable discussion with mutual fund managers who forecast unrest through 2020

Bond funds see record $74B in net flows in May
MUTUAL FUNDS JUN 17, 2020
Bond funds see record $74B in net flows in May

Equity funds suffered net outflows, according to Morningstar

Fed purchases reshape market for bond ETFs
MUTUAL FUNDS JUN 16, 2020
Fed purchases reshape market for bond ETFs

Cash is flooding into fixed-income ETFs at a record pace and interest in betting against both high-grade and junk funds has dissolved

SEC chairman emphasizes Reg BI protections on rollovers, complex product sales
RETIREMENT PLANNING JUN 16, 2020
SEC chairman emphasizes Reg BI protections on rollovers, complex product sales

Pandemic conditions make acting in clients’ interests even more important, Jay Clayton says

401(k)s treat fixed income as an afterthought: Survey
EQUITIES JUN 16, 2020
401(k)s treat fixed income as an afterthought: Survey

Defined-contribution plans generally place more emphasis on stock funds than fixed-income options

BlackRock plans ETF focused on remote-work companies
MUTUAL FUNDS JUN 16, 2020
BlackRock plans ETF focused on remote-work companies

Its move follows Direxion's April announcement of a 'work-from-home' fund

Fed to begin buying corporate bonds
FIXED INCOME JUN 16, 2020
Fed to begin buying corporate bonds

The Secondary Market Corporate Credit Facility is one of nine emergency lending programs the Fed has announced since mid-March

Raymond James cuts manager after confrontation with protester goes viral
PRACTICE MANAGEMENT JUN 15, 2020
Raymond James cuts manager after confrontation with protester goes viral

Bond manager becomes the latest executive to lose a job after confrontation with member of a minority group is posted online

401(k) lawsuits keep piling up
RETIREMENT PLANNING JUN 12, 2020
401(k) lawsuits keep piling up

At least four lawsuits involving plans with more than $1 billion have been filed over the past few weeks

Dow drops almost 7% on economy, virus fears
EQUITIES JUN 11, 2020
Dow drops almost 7% on economy, virus fears

The stock market's rally came to a screeching halt Thursday amid worries about the economy and a second wave of coronavirus infections