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Leveraged ETFs betting against stocks attract $5.6 billion in April
EQUITIES APR 28, 2020
Leveraged ETFs betting against stocks attract $5.6 billion in April

The influx, the biggest since at least 2013, defies the surge in equity prices that has occurred this month

New York Life to sell ETF-based alternative to annuities
LIFE INSURANCE AND ANNUITIES APR 27, 2020
New York Life to sell ETF-based alternative to annuities

The insurance giant announced an exclusive deal to distribute unit investment trusts

SEC orders RBC to pay $3.9 million over share-class disclosure
PRACTICE MANAGEMENT APR 27, 2020
SEC orders RBC to pay $3.9 million over share-class disclosure

The enforcement action demonstrates the agency's continued targeting of conflicts over fund fees

Oil ETF roils already volatile crude markets
MUTUAL FUNDS APR 27, 2020
Oil ETF roils already volatile crude markets

USO's sale of June WTI futures contracts triggered a big move in the spread between the June and July contracts

Dividend income is a new minefield for financial advisers
EQUITIES APR 27, 2020
Dividend income is a new minefield for financial advisers

Companies are cutting payments to shareholders at a rate not seen since 2009

A compelling step
ETFS APR 26, 2020
A compelling step

While advisers generally tell clients to stay the course, there are few products that reward those who do

401(k) assets down, but savings levels up: Fidelity
RETIREMENT PLANNING APR 24, 2020
401(k) assets down, but savings levels up: Fidelity

The stock market eroded account balances, but savers increased their contributions

Cetera cuts REIT sales, loses senior recruiter
ALTERNATIVES APR 24, 2020
Cetera cuts REIT sales, loses senior recruiter

Broker-dealers are pausing the sale of real estate products while the broader market absorbs the shock of the shutdown

What's the point of an ETF that goes off script?
OPINION APR 24, 2020
What's the point of an ETF that goes off script?

When fund managers rejigger their methodology, investors don't know how to calculate returns

Bid to let states go bankrupt quickly nixed a decade ago
FIXED INCOME APR 23, 2020
Bid to let states go bankrupt quickly nixed a decade ago

Mitch McConnell's comment came as Congress considers extending aid to cities and states that are seeing tax revenue disappear as wide swaths of the economy are shut down

New ETF to focus on companies fighting biological threats
MUTUAL FUNDS APR 23, 2020
New ETF to focus on companies fighting biological threats

The Pacer fund could invest in stocks of businesses that identify or combat diseases or companies that enable social distancing

By the Numbers: COVID-19 and alts
ALTERNATIVES APR 22, 2020
By the Numbers: COVID-19 and alts

InvestmentNews Chief Content Officer George Moriarty looks at why some broker-dealers are halting sales of real estate products and whether the rush to gold will continue

Oil spasms send foundering ETF into series of unusual steps
ETFS APR 22, 2020
Oil spasms send foundering ETF into series of unusual steps

The United States Oil Fund had to suspend the issuance of new shares after losing a third of its value in two days

Morningstar bulks up ESG research with buyout of Sustainalytics
ESG APR 21, 2020
Morningstar bulks up ESG research with buyout of Sustainalytics

Acquiring the entirety of the Dutch analytics firm opens up global ESG opportunities

Zero-commission ETFs could spur practice changes: Cerulli
PRACTICE MANAGEMENT APR 21, 2020
Zero-commission ETFs could spur practice changes: Cerulli

Report says lower trading costs will encourage advisers to use exchange-traded funds for niche asset allocations

Fidelity cuts fees for long-term investors
MUTUAL FUNDS APR 21, 2020
Fidelity cuts fees for long-term investors

New thematic funds offer expense ratios that drop over time

SEC penalizes Boston RIA $1 million over private fund marketing
RIAS APR 20, 2020
SEC penalizes Boston RIA $1 million over private fund marketing

Regulator says Old Ironsides distributed materials with misleading information

Financial industry opponents remain wary of SEC’s crackdown on share-class disclosure
MUTUAL FUNDS APR 20, 2020
Financial industry opponents remain wary of SEC’s crackdown on share-class disclosure

The end of the formal initiative failed to soothe worries about future enforcement

Investment options overpriced in pharmaceutical company's 401(k) plan: lawsuit
RETIREMENT PLANNING APR 20, 2020
Investment options overpriced in pharmaceutical company's 401(k) plan: lawsuit

Pharmaceutical Product Development mismanaged its 401(k) plan, opting for costlier investments than necessary, plaintiffs say

Motif Investing closes
FINTECH APR 20, 2020
Motif Investing closes

The automated investment platform, which raised roughly $126 million in funding since launching in 2012, is just the latest digital wealth manager to shut down