Target date funds stumbled in 2015, after posting six years of positive returns following the financial and economic crisis.
Investors pulled more than $1 billion out of U.S. ETFs that invest in emerging markets last week, leaving the ETFs in the longest losing streak since September.
The nations third-largest school district, with almost 400,000 students, is on the brink of insolvency after years of skipping pension payments.
Franklin Resources said fiscal first-quarter profit dropped 21 % as the selloff in emerging markets and energy stocks and bonds erodes assets.
Vanguard says the expense reductions are a win for investors, but the fund provider industry is less enthusiastic, seeing the fee reductions as a grind to zero where product profitability disappears.
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Mutual fund families have traditionally left the topic of how to allocate certain fund expenses to management and fund officers.
Rob Goldman founded Goldman Small Cap Research (GSCR)--not affiliated with Goldman Sachs--in 2009. He has over 20 years of investment and research experience as a senior research analyst and as a portfolio and mutual fund manager.
Innovation is a constant in any industry, but sometimes in the fund business its mark is not always obvious.