The Charles Schwab Corp.'s effort to drum up business in its newly launched stable of exchange-traded funds by waiving commissions for its clients continues to draw intense interest from its competitors and advisers. At two separate conferences Wednesday, questions were raised about Schwab's ground-breaking decision with various levels of concern.
American Funds had for years been a darling of the adviser community, but after the market tanked in 2008, the funds' equity bent hurt performance.
The call for the week: I continue to attempt to “keep” the profits accrued since the March 2009 bottom.
The Charles Schwab Corp. last week announced the launch of six managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
Take it from the experts at Morningstar: Don't blindly follow the stars in their rating system.
J.P. Morgan Asset Management has named George Gatch, the president and chief executive of J.P. Morgan Funds, as chief executive of its investment management Americas business, replacing Eve Guernsey.
U.S. One plans to file for three additional funds: a global-fixed-income ETF; a balanced ETF and a series of portfolios that will mimic target date funds.
Volatility has created new opportunities to invest in risk assets “because they've gotten so cheap.”
Mr. Dial is slightly overweight double-B rated loans, and slightly underweight triple-C rated loans. He has also added some high-yield bonds to the portfolio as a way to enhance performance.
New York-based Optima Fund Management, a $6 billion fund of hedge funds, thinks farming is a growing business.
Investors still feeling bruised by the terrible mutual fund returns of 2008 and early 2009 can expect to be disappointed again when they get their statements for the second quarter. While most fund categories did well in the first quarter, during the April-June period there were few places to hide.
Talk of a bond bubble has put skittish investors and financial advisers even more on edge over their large allocations to fixed income.
Standish Mellon Asset Management Co. LLC is scaling back the level of risk within its municipal bond portfolios but isn't worried about massive defaults among local and state governments, according to an executive at the firm.
RS Investments last week announced an agreement to acquire certain assets of Oak Value Capital Management Inc.
Fitch slashes embattled energy company's senior unsecured debt rating six notches. Is non-investment grade the next stop?
Legg Mason Inc.'s Bill Miller said he is sticking with his bets on Goldman Sachs Group Inc. because the fallout from the fraud accusations against the bank will probably be limited.
Unicredit Group SPA will send out the pitch book next month for its Pioneer Global Asset Management SPA unit — with a breakup of the subsidiary likely, according to investment bankers familiar with the discussions.
MMA Praxis Mutual Funds group is holding on to its holdings in BP PLC, despite the company's role in the recent oil spill in the Gulf of Mexico.
Drawn by tales of fast money in the land of iron condors, retail traders are swarming the futures market. But do they know what they're doing?
