The fund giant also eliminating the $10K minimum investment required for advisers and institutions to qualify for Admiral Shares of 14 index funds.
Index champ has $652 billion in actively managed mutual funds.
Today: What hedge funds fleeing the market means. Plus, buck up, investment banker bonus week is here; building your own mutual fund; clean energy stocks; getting the most out of Siri; and more.
The demand for liquid alternatives has never been higher, and it is drawing in a pack of money managers who are all vying to be leaders of the pack.
The Miller Income Opportunity Trust, to be run by the famed Legg Mason money manager and his son, seeks high income from a “wide array of sources” by identifying “mispriced” investment opportunities.
Today: How Pimco misread the Fed's tapering plan, plus: Gold starts to shine, the dollar rallies and ETFs are on track to overtake hedge funds. Also: Oops, Obamacare forgot to include an option for adding babies to insurance.
Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest price drop in 32 years.
Domestic equities have been the place to be since the financial crisis ended almost five years ago, but with head winds starting to mount in the U.S., investors may be better off on the other side of the Atlantic, says Chris Alderson, president of T. Rowe Price International.
The SEC has charged a fund firm with misleading shareholders about adviser fees. The action is the latest in the commission's crackdown on mutual fund boards and their fee arrangements.
Portfolio manager who helped feds must pay $390K, will do no prison time.
2014 could be a good year for mortgage REITs and here's why. Plus: Which housing markets are vulnerable to rising rates, gold-mining stocks for the truest gold bugs, an ETF end zone dance, social media apps took over in 2013, and more proof of Obamacare bumbling.
Turned $100,000 in seed money in 1958 into the $141 billion money management powerhouse.
Fidelity Investments, the world's second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.
After five years of outflows — to the tune of $242 billion — American Funds is overhauling its approach to working with financial advisers. Jason Kephart has the details.
Thanks to the magic of time, five-year average returns for equity mutual funds are looking better by the month, and advisers should prepare to hear plenty about it.
SEC, other regulators, pass rule after three years of back and forth with Wall Street.
One year on, iShares' Core series is clawing back market share for BlackRock as price cuts, rebranding helps firm recover from case of “Vanguarditis.”
The sales team will increase over the next six to eight months to help the company cope with the evolving adviser business model, said Matt O'Connor, director of distribution in North America.
Firm will share how portfolios are managed but won't reveal performance and holdings
Exchange-traded bandwagon not dragging as new record set; inflows even in shunned sectors
