The total combined assets of the nation's exchange-traded funds (ETFs) shot up 9.4% to $383.3 billion in October, according to an Investment Company Institute (ICI) news release.
Legg Mason has announced it will offer "R" shares for 11 of its mutual funds, effective December 1, 2006.
While the number of net transfers by 401(k) participants was equally split among fixed income and equity funds for the month of October, overall net assets moved toward equities, according the Hewitt 401(k) Index.
State Street Global Advisors Inc. (SSgA) has filed papers with the Securities and Exchange Commission (SEC) signaling its intention to halt redemption fees from its international and high-yield funds beginning in 2007.
Russell Investment Group announced it has shuffled the asset allocations for its LifePoints target date funds, driven by its research that showed defined contribution plan participants can tolerate more risk.
American United Life Insurance Company (AUL) has added 25 new investment options for plan participants.
John Hancock Retirement Services has added eight target date funds and a Retirement Portfolio to its roster of investment options for 401(k) plan participants.
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).
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.
The gap between mutual fund ownership outside of retirement plans and inside of retirement plans narrowed in 2006, a recent survey by the Investment Company Institute (ICI) revealed.
A new Putnam Investments analysis of the Department of Labor (DoL)-approved default option list suggests plan sponsors could be doing participants a disservice by concentrating too heavily on one driver in selecting their default.
Study finds more actively-managed funds have higher performance
22c-2 reverberates with retirement plan advisers
General information about Exchange Traded Funds.
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.
Exchange-traded funds, or ETFs, appear to be enjoying a resurgence in popularity among 401(k) providers.
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.
Developed world equity markets gained 1.12% in September 2006, while emerging markets rose 0.38%, according to Standard & Poor's World by Numbers report.
The latest Standard & Poor's Indices Versus Active Funds Scorecard (SPIVA) results revealed the S&P 500 outperformed 80.3% of actively managed large-cap funds during the third quarter of 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.