Fidelity Investments, the second-largest U.S. mutual fund company, will test an automated-investment service starting Wednesday on a small group of existing customers.
Federal Reserve chairwoman cites heightened risks in the global economy as cause for caution
Top money manager finds two key elements that can help identify which funds are more likely to beat their benchmarks.
One of the lowest-cost fund companies gets into a war of words with an analyst over how it calculates expense ratios.
PNC Investments didn't waive sales charges in some funds, and didn't have adequate supervisory procedures in place to catch the lapses, Finra said.
Plus: Consumers are borrowing like it's 2008, mortgage-backed securities are back in vogue, and college is for chumps
<i>Breakfast with Benjamin</i> Larger funds tend to be cheaper, more liquid and better constructed.
<i>Breakfast with Benjamin</i> Liquid alts beating the hedge funds they're designed to mimic begs the question of why we even need hedge funds anymore?
Smart beta may be the most popular new strategy for mutual fund companies, but the real trend is towards funds with lower expenses.
The firm's new target-date mutual funds beat out Fidelity and Vanguard funds in price by two basis points.
The firm's position as the top TDF provider strengthened against No. 2 Fidelity Investments, which actually had net outflows for this category last year.
Finding funds likely to beat their benchmarks remains the challenge, and where financial advisers can earn their keep
Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
The comment period for the rule, which was introduced in December, closed on Monday.
<i>Breakfast with Benjamin</i> The Fed says the markets are too obsessed with too much information.
Offerings meant to help counter a trend toward passive index strategies.
An interactive list of all the funds to be honored, across all years of return and categories
<i>Breakfast with Benjamin</i> A couple of Vanguard and Fidelity mutual funds raise questions about when it is time to close a fund to new investors.
Brazil, Russia, India and China were singled out as the investment theme of the new century, but they've fallen like bricks the past five years.
Even with its gains and long life, most investors have been lukewarm toward the stock market.
