Putnam Investments are now offered through FundVest, Pershing’s no-transaction-fee mutual fund platform.
Advisers who use performance as the sole, or significant, driver in investment selection might want to rethink their strategy because the latest study of fund performance over time from Standard&Poor’s found that very few funds top performing funds managed to consistently repeat top-half or top-quartile performance in 2006.
A recent study by the Turnstone Advisory Group LLC in Marina del Rey, California has found that lifecycle funds are doing a good job for their investors but areas for improvement include pricing and asset allocation.
In 2006, the average equity fund investor earned 16.4% and money market mutual fund yields rose to 5%, as diversification away from the U.S. and into International funds aided in asset growth, according to a Strategic Insights analysis.
Pennsylvania-based investment management firm Symons Capital Management has introduced two new mutual funds for retirement plans and other institutional investors.
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U.S. and global stock markets should benefit from an economic soft landing in 2007 and are poised for further growth, according to financial analysts shared at a recent conference.
OppenheimerFunds, Inc. has launched a suite of lifecycle funds.
The Vanguard Group on Thursday announced the launch of the Vanguard Structured Large-Cap Value Fund.
Assets in multi-manager products grew by 40% during 2005 to exceed $1.3 trillion, according to the recent Cerulli Quantitative Update, Global Multi-manager Products 2006.
The Principal Financial Group introduced to its platform the combination of its mutual funds and the funds of newly-acquired money manager WM Group Advisors.
The latest Standard&Poor’s Indices Versus Active Funds Scorecard (SPIVA) shows the S&P 500 outperformed 69.1% of large-cap funds.
Russell Investment Group unveiled a new index Wednesday meant to satiate asset managers’ increasing thirst for more global investment options.
2006 proved to be a quiet trading year for 401(k) plans, with just 0.034% of balances shifted per day on a net basis during the year, according to the Hewitt 401(k) index, the lowest level since the inception of the gauge.
The majority of active international equity investment managers posted their second consecutive calendar year of above index returns despite the MSCI EAFE benchmark index soaring 26.3%, according to a new report.
Although ‘’our overall view is fairly constructive,’’ said Robert Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc., ‘’we think a soft landing is likely in 2007.’’
“Every investor should dial up their equity exposure [in 2007],″ said Duncan Richardson, Executive Vice President and Chief Equity Investment Officer of Eaton Vance Management, at a press conference Wednesday.
GuideStone Financial Resources has added five Christian-based, socially-screened target funds to its mutual fund offerings.
Rydex Investments has announced it will expand the availability of twice-a-day pricing for a selection of Rydex mutual funds, to help brokers and their clients manage intra-day risk and take advantage of market liquidity.
The world’s emerging and developed markets continued to stay in positive territory in December, making a full year of positive results as oil prices remained low, Standard&Poor’s said.