Average 401(k) Expense Ratio Declines
According to an annual report by the Investment Company Institute (ICI), 401(k) plan participants invested in stock mutual funds on average paid lower expense ratios in 2010.
The Markets
Investors Urged to Look Beyond Typical Measurements
Institutional investors should review information that goes beyond the typical scorecard when measuring the success of a portfolio or switching asset managers, according to a study from Mellon...
Manager Optimism Falls for Equities and Bonds
The latest Investment Management Outlook (IMO) survey from Russell Investments finds manager optimism regarding U.S. equities and bonds fell across the board.
Study Suggests Lifecycle Funds’ Equity Allocations too High
The first study by the newly launched Putnam Institute suggests most lifecycle fund offerings in today’s market are too aggressive in their equity exposure
J.P. Morgan to Sponsor PIMCO ETFs on Mexican Exchange
Pacific Investment Management Company (PIMCO) selected J.P. Morgan to offer five of its U.S.-registered exchange-traded funds (ETFs) on the Mexican Stock Exchange.
PSNC 2011: Building a Better Retirement Plan Menu
A panel at the PLANSPONSOR National Conference discussed best practices for building a better retirement plan investment menu.
Money Managers See Improved Year in 2010
A report from Strategic Insight indicates the 19 money managers with publicly held equity managed a total of $7.8 trillion at year-end 2010, up 10% from 2009.
Fidelity Releases Defined Maturity Funds
Fidelity Investments has launched the Fidelity Defined Maturity Funds, a series of actively managed national municipal income funds, each with a set maturity date.
Global Mutual Fund Industry on Track for another Record Year
Year-to-date global long-term fund flows through April 2011 reached $268 billion, according to Strategic Insight’s Global Mutual Fund Review.
Morningstar Estimates Quarterly Returns for Hedge Funds
Morningstar, Inc. has begun to calculate estimated returns for hedge funds based on publicly available filings.
Institutions Change Domestic Equity Trading Practices
U.S. institutions made two notable changes to their domestic equity trading practices last year, according to Greenwich Associates.
Mutual Fund and ETF Asset Flows Declined in May
Estimated long-term mutual fund flows reached $22.6 billion in May, Morningstar reported, but still mark the fourth consecutive monthly decline since inflows of $29.8 billion in...
ETFs Post Net Outflows in May
Strategic Insight, an Asset International company, estimated that U.S. exchange-traded funds (ETFs) experienced roughly $6.5 billion in net outflows in May.
Bonds See Continued Investor Demand
U.S. mutual fund investors added about $24 billion in net new cash to U.S. stock and bond mutual funds in May 2011, according to data from Strategic Insight,...
Russell Announces Index Additions
Russell Investments has posted its official lists of companies that are set to join or leave the broad-market Russell 3000 Index when its indexes are reconstituted on June...
Morningstar Introduces Analyst-Driven Ratings
Morningstar, Inc. announced plans for a global fund ratings system and a uniform approach for global fund research reports.
DC Plan Assets Boosted by Contributions
The Callan DC Index started the year strongly, advancing 4.3% in the first quarter, bolstering the annual return since inception, which now stands at 3.8%.
FaithShares Shutters Four Faith-Based ETFs
IndexUniverse.com reports that Oklahoma-based FaithShares has shuttered four of its five exchange-traded funds (ETFs) after the funds failed to attract significant assets.
ETF Assets Decreased in May
Exchange-traded fund (ETF) assets fell $22.7 billion for the month of May, according to State Street Global Advisors’ latest ETF Snapshot report.
Vanguard Launches Canadian Investment Business
Investment management company Vanguard has established Vanguard Investments Canada Inc., which will enable them to reach Canadian investors through investment advisers.