Mutual Funds

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State Street aims to grow model portfolio business fivefold
INVESTING ETFS FEB 13, 2024
State Street aims to grow model portfolio business fivefold

The asset manager is targeting 'north of $25 billion' of assets in its model portfolios over the next five to six years, up from roughly $5 billion currently.

Target-date funds hit $3.5T in record surge
INVESTING RETIREMENT PLANNING FEB 13, 2024
Target-date funds hit $3.5T in record surge

Mutual funds narrowly maintained their lead over collective investment trusts, but CITs are growing faster, suggesting a potential shift in leadership this year.

Bill Ackman targets Main Street investors with new Pershing fund
INVESTING MUTUAL FUNDS FEB 08, 2024
Bill Ackman targets Main Street investors with new Pershing fund

Hopes are high for the proposed vehicle, which 'has the potential to be one of the largest closed-end funds,' according to the prospectus filed with the SEC.

Vanguard makes quiet AI bet with $13B in quant stock funds
INVESTING FINTECH FEB 06, 2024
Vanguard makes quiet AI bet with $13B in quant stock funds

After adding an artificial intelligence spin to four factor-based funds, the asset manager sees promising signs

ESG funds see first ever global net outflows
INVESTING ESG JAN 25, 2024
ESG funds see first ever global net outflows

US investors pulled $5.1 billion from sustainable funds in Q4 2023.

Even the world's No. 1 ESG fund has boosted oil, gas exposure
INVESTING ESG DEC 13, 2023
Even the world's No. 1 ESG fund has boosted oil, gas exposure

$5T fund has made a significant increase in fossil fuels since new regs were introduced.

Large-cap tech stock ETFs were a key focus in the third quarter, says Vanguard
INVESTING ETFS NOV 09, 2023
Large-cap tech stock ETFs were a key focus in the third quarter, says Vanguard

The investment firm has shared its latest ETF perspectives and trends.

Robert W. Baird agrees to pay clients $520K for mutual fund charges
INVESTING BROKER DEALERS NOV 06, 2023
Robert W. Baird agrees to pay clients $520K for mutual fund charges

The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.

2023 Women to Watch Portfolio Manager of the Year 
INVESTING ETFS NOV 06, 2023
2023 Women to Watch Portfolio Manager of the Year 

Here are the excellence awardees in the InvestmentNews 2023 Women to Watch Portfolio Manager of the Year category.

Fidelity aims to make its mark in ETF market
INVESTING ETFS OCT 26, 2023
Fidelity aims to make its mark in ETF market

The fund company is seeking a government waiver allowing its actively managed mutual funds to also operate as exchange-traded funds, a concept Vanguard pioneered.

BlackRock tries again at target-date ETFs
INVESTING RETIREMENT PLANNING OCT 20, 2023
BlackRock tries again at target-date ETFs

BlackRock is the only company offering target-date ETFs to investors outside of 401(k)s — but there is a question about whether there is much of a market for that.

Dan Wiener steps back from the $15B RIA he co-founded
INVESTING RIAS OCT 18, 2023
Dan Wiener steps back from the $15B RIA he co-founded

A focus on Vanguard led to a long-running independent newsletter and then a successful RIA.

SEC to investment funds: Quit playing name games
INVESTING OPINION OCT 18, 2023
SEC to investment funds: Quit playing name games

For years, investors in mutual funds and ETFs have been investing in products whose actual portfolio holdings can stray dramatically from what's implied by the name of the fund.

SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds
INVESTING MUTUAL FUNDS OCT 11, 2023
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds

'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.

PGIM cuts fees on target-date funds
INVESTING RETIREMENT PLANNING OCT 10, 2023
PGIM cuts fees on target-date funds

The TDF series will be renamed PGIM Target Date Funds, and some underlying investments will be changed.

Goldman's build-your-own ETF hub debuts first funds
INVESTING MUTUAL FUNDS OCT 05, 2023
Goldman's build-your-own ETF hub debuts first funds

Goldman's platform is designed to help institutional clients launch their own ETFs while providing services such as portfolio implementation and capital markets solutions.

More 'ESG' funds folding this year, but others are taking their place
INVESTING ESG OCT 05, 2023
More 'ESG' funds folding this year, but others are taking their place

Even as big players like BlackRock close funds that failed to gain assets, they continue filing for new ones.

Target-date funds: Low fee doesn't equal low risk
INVESTING OPINION OCT 04, 2023
Target-date funds: Low fee doesn't equal low risk

Three reasons why passive TDFs aren’t automatically the safer choice for DC plan fiduciaries

Boom in new ETFs defies saturation warnings
INVESTING MUTUAL FUNDS OCT 03, 2023
Boom in new ETFs defies saturation warnings

'Is this the year of the bond ETF? Certainly flows seem to be shouting that from the rooftops,' says VettaFi's Lara Crigger.

As SEC delays approving spot bitcoin ETFs, ethereum futures get a nod
INVESTING ALTERNATIVES SEP 29, 2023
As SEC delays approving spot bitcoin ETFs, ethereum futures get a nod

But advisors who want crypto ETFs are waiting for spot products, observers say.