The company expects the tax-exempt index fund to be available by the end of June.
<i>Breakfast with Benjamin</i>: Smart beta is here to stay, so you might as well try and figure out what the heck it is.
Pilot raised more than $9 billion last year along with hopes for more direct-to-consumer fund sales.
Paul Kim to build and develop the strategy but whether firm plans to launch exchange-traded funds remains to be seen.
Fund giant also plans to launch lower-cost institutional series to expand its market reach.
The firm's focus on cost-conscious, fee-based advisers has been a winning strategy.
Blue chip barometer likely to get more volatile after the March 19 switch.
Janus has indicated significant plans in the ETF space, including a possible fund with the Pimco founder.
<i>Breakfast with Benjamin:</i> Earnings signal flashing red, sending some investors to the sidelines, Gross sets a timeline, Bernanke wants the president to have more power, ETF investors hedge currencies and chase corporate bonds, and the first-year numbers behind Colorado's legal weed.
Brokerage platform will use asset-allocation strategies of disputed merit with retail clients.
The old guard of wealth management clashed with the new as Ric Edelman delivered a bleak assessment of his peers' future during a spirited debate with Adam Nash, the top executive at Wealthfront.
The SEC intends to approve an application by Capital Group, parent of the third-largest mutual fund company, to offer ETFs.
'Abe-enomics' joins quantitative easing with corporate patriotism
Advisers flock to firm's broad range of products while competitors see only select interest.
<i>Breakfast with Benjamin:</i> Some funds using cash for protection. Lots of it. Plus: Adviser charged with stealing $1.3M from widows and church friends, up from the ashes arises a new subprime giant, and Wall Street courts millennials.
Money manager set to launch new strategy as “smart” way to dodge investment risks as rates rise.
Move launches competition with Goldman Sachs in alternative space
Low usage reflects widespread lack of familiarity with the investments.
Look for automatic reallocation, inflation hedges and other features.
As industry turns to smart beta to capture growth, product developers may need to step up stress testing.
