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Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Co-portfolio manager of Vanguard Precious Metals and Mining Fund stepping down
trueRandeep Somel is now the sole portfolio manager of the $2.4 billion Vanguard Precious Metals and Mining Fund at subadviser M&G Investment Management.
Vanguard names new head of fixed income
trueGregory Davis was named head of Vanguard's fixed-income group.
PIMCO loses world's largest fund title to Vanguard index tracker
trueBill Gross no longer runs the world's largest mutual fund.
Vanguard threatens to ground pilots from making 401(k) trades
trueThe Vanguard Group Inc. has threatened to block future 401(k) trades by a group of Southwest Airlines pilots who subscribe to an investment newsletter, concerned that their large trades are hurting other shareholders.
PRIMECAP co-founder to relinquish portfolio management duties
trueMitch J. Milias, co-founder and chairman of PRIMECAP Management Co., will relinquish his portfolio management responsibilities for the $36.2 billion Vanguard PRIMECAP Fund, the $5.8 billion Vanguard PRIMECAP Core Fund and the $574.8 million Vanguard Variable Insurance Fund's Capital Growth ...
Vanguard's McNabb elected as new chairman of ICI
trueF. William McNabb III, Vanguard Group chairman and CEO, was elected chairman of the Investment Company Institute's board of governors.
Swarthmore College revamps DC plan investment options
trueSwarthmore College, Swarthmore, Pa., is overhauling the investment lineups for its 403(b) plan.
New factor ETFs hot on Dimensional's trail
trueExchange-traded-fund companies are following in the footsteps of Dimensional Fund Advisors Ltd. and building strategies around academic research to offer investors a new way to beat the market.
State Street ETFs undercut iShares and Vanguard
trueState Street Global Advisors, the second-largest provider of exchange-traded funds, is making a push to join the ranks of low-cost ETF providers by offering the cheapest Russell 1000, 2000, and 3000 ETFs on the market.
ETFs draw $93 billion in first 5 months of 2013
trueMore than $93 billion in net assets flowed into exchange-traded funds in the first five months of 2013 despite outflows of $23.1 billion from commodity ETFs.
Butler County, Pa., pension fund picks Vanguard for passive equities
trueButler County (Pa.) Employees' Retirement System hired Vanguard Group to run a total of $30 million in passive equities.
John Bogle has already won
trueJohn Bogle, the 85-year-old founder of The Vanguard Group Inc., has been the most vociferous advocate against overpaying for investment management and, over the past 10 years, investors have shown that they have heard him loud and clear.
Vanguard Tax-Managed International Fund switches to FTSE benchmark
trueThe Vanguard Tax-Managed International Fund and its ETF shares changed indexes Wednesday and now track the FTSE Developed ex-North America index.
Portland's Metro taps ICMA-RC as third-party administrator for DC plans
truePortland's Metro taps ICMA-RC as third-party administrator for DC plans