Products October 11, 2012

PEI Launches Fiduciary Protection Program

Portfolio Evaluations Inc. (PEI) launched a fiduciary protection program, PEI Shield, which aims to help retirement plan fiduciaries with evolving fiduciary regulations and requirements.
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The program provides access to a group of experts to help develop a customized solution to meet a plan’s specific fiduciary requirements. Programs are built around plan, investment and service provider management elements and are based on plan variables such as plan investment structure and operational design. Users can incorporate existing practices into the program and add applicable program elements. It also offers continuous education, informing fiduciaries of the latest requirements.

The teams of experts include the Retirement Plans Consulting group, Investment Due Diligence group, Investment Consulting group and Client Services group.

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Features of the program include fiduciary process management, such as education and regulatory updates; fiduciary plan services, including investment policy statement (IPS) development and plan fee benchmarking; fiduciary investment due diligence, such as target-date fund glide path methodology review and performance evaluation and monitoring; and fiduciary oversight of provider services, ranging from service provider due diligence to custodian searches.

The program was founded by Michael Sasso, Attila Toth and Rich Torbinski.

For more information, visit http://porteval.com/our_services/pei-shield.aspx.

 

The Markets October 11, 2012

Stock Funds Have 17th Month of Outflows

Investors added $16.5 billion to long-term open-end funds in September, according to Morningstar Inc.
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Inflows of $29.9 billion into taxable-bond funds overcame redemptions of $16.8 billion from U.S.-stock funds. September was the 17th consecutive month of outflows for U.S.-stock funds and further evidence of investors’ preference for the perceived safety of fixed income over equities, Morningstar said.  

Following the Fed’s announcement that it will keep short-term rates near zero through mid-2015, investors revealed a willingness to take on risk within fixed-income. Riskier categories such as emerging-markets bond, high-yield bond and bank-loan each saw inflows of approximately $2.0 billion during the month.   

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The largest fixed-income category, intermediate-term bond, collected new assets of more than $13.2 billion, bolstered by inflows of $2.8 billion for PIMCO funds and more than $1.4 billion for DoubleLine.   

Within equities, nearly every category saw outflows, led by large-growth with redemptions of $5 billion. While open-end equity mutual funds lost assets of $16.8 billion, nearly an equal amount flowed into equity exchange-traded funds.   

Dividend-focused funds have attracted $17.3 billion in assets this year, even as U.S.-stock funds lost $82.6 billion overall.   

To view the complete report, visit www.global.morningstar.com/septflows12.

 

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