Investing

Two Groups Suggest Changes to QDIA Proposal

A Washington Employee Retirement Income Security Act (ERISA) group and the largest banking trade association in the nation asked the Department of Labor (DoL) to clarify and tailor certain parts of the safe harbor rule that would govern qualified default investment alternatives (QDIAs).

Vanguard Expands Offering to Institutional Investors

The Vanguard Group has announced it has filed a registration statement with the Securities and Exchange Commission to include the Vanguard Structured Large-Cap Value Fund in its offering of structured equity portfolios for institutional investors.

Pro Active

Study finds more actively-managed funds have higher performance

Will ETFs Catch On With 401(k) Plans?

The most alluring feature of ETF-based retirement accounts is their cost advantage. Darwin Abrahamson, CEO of Invest n Retire in Portland, Oregon, and a 401(k) innovator, contends he is able to deliver a plan for a combined cost to participants and sponsors of between 65 and 105 basis points per year, depending on the size of the plan.

Equity Funds Inflow Takes a Leap in August

Some equity fund offerings were comparatively hot in August as investors added a net $4.8 billion to US-based stock mutual funds, up from $738 million the month before, according to Investment Company Institute (ICI) data.

Product Briefs for Week of October 13, 2006

401kDIRECT Network (401kDIRECT, 401kTechTeam, & Pension Retirement Online) has introduced a "TOTAL Solutions Package" that will be available to qualified plans via the Plan's 401k Professional, whether it is a Broker, RIA, TPA, CPA, Benefit Consultant, etc. The package includes PlanTool's Risk Management System, the Retirement Analyst Participant Advice and Fiduciary Reporting Program, ICC Super Statements, plus ETFs that are sub-advised by portfolio strategist Barclays Global Investors (BGI), State Street Global, and other ETF Managers.

Fund Briefs for Week of October 13, 2006

Putnam Small Cap Value Equity Managed Account has been selected by Merrill Lynch's Global Private Client Investment Management & Guidance for inclusion in the financial services firm's separately managed account (SMA) platform called Merrill Lynch Consults. The portfolio team includes portfolio leader James Polk and Edward T. Shadek, who is deputy head of investments for small-cap equities.