Articles and Videos on Mutual Funds
SEC management enforcement unit evolves into respected watchdog
trueAs the Securities and Exchange Commission celebrates the fifth anniversary of an enforcement unit dedicated to the money management industry, people inside and out of the agency say the unit has led to a better understanding — and scrutiny — of that industry to the benefit of investors.
trueSequoia Fund's nearly 30% position in Valeant Pharmaceuticals has highlighted the importance of concentration risk when setting defined contribution lineups.
Firms to pay $18 million to settle FINRA charges on mutual fund sales
trueFive financial advice firms will pay $18 million to settle charges by the Financial Industry Regulatory Authority that they failed to waive mutual fund sales charges for retirement accounts and charitable organizations, the agency announced Tuesday.
Retirement plans' fees and expenses face increasing scrutiny
trueOrganizations beware: Workers are becoming much savvier about investigating fees and other costs associated with retirement plans governed by the Employee Retirement Income Security Act.
Reliance Capital Asset Management to acquire GSAM's India business
trueReliance Capital Asset Management agreed to acquire Goldman Sachs Asset Management's business in India.
PIMCO, Allianz sued for breaching fiduciary duty in its 401(k) plan
trueA new lawsuit against PIMCO and its sister company Allianz Global Investors accuses the two firms of breaching their fiduciary duty by loading up their joint employee defined contribution plan with poor performing and overpriced investment options from the two managers.
Vanguard moves past Fidelity in ranking of manager of DC mutual fund assets
trueVanguard overtook Fidelity to become the largest manager of defined contribution mutual fund assets, according to Pensions & Investments' latest survey.
Head of Federated Investors' strategic value dividend team to retire
trueWalter Bean, senior portfolio manager and head of the strategic value dividend team at Federated Investors, will retire at the end of the year, confirmed company spokeswoman Meghan A. McAndrew.
ICI: Worldwide open-fund assets up 2.2% in quarter to $38.3 trillion
trueWorldwide regulated open-end fund assets totaled $38.3 trillion as of June 30, up 2.2% from the end of the first quarter, said a quarterly report from the Investment Company Institute.
SEC approves proposal for new mutual fund, ETF liquidity risk rules
trueThe SEC voted 5-0 on Tuesday to approve a proposal that would establish new rules on liquidity risk transparency for mutual funds and exchange-traded funds.
Vanguard sustains growth streak, up 151% since '10
trueThe Malvern, Pa.-based money manager's worldwide institutional assets under management have surged 151% in five years, to $2.1 trillion as of June 30, according to Pensions & Investments' research.
First Eagle Investment Management nears deal to settle SEC probe
trueAn investment firm that is being acquired by Blackstone Group agreed to settle a U.S. regulator's claims that it improperly paid brokers to sell its mutual funds.
ICI: Mutual fund fees continue downward trend for 401(k) participants
trueAverage equity mutual funds fees paid by 401(k) participants dropped to 54 basis points in 2014, down four basis points from 2013.
T. Rowe Price sees flat asset growth, net outflows of $2.1 billion
trueT. Rowe Price Group reported $773 billion in assets under management as of June 30, flat from three months earlier but up 4.7% from a year earlier, said the company's earnings statement released Thursday.
Illinois State Board puts 2 Wellington strategies on watch for performance
trueIllinois State Board of Investment placed Wellington Management on watch for underperformance for fixed-income and equity portfolios totaling $531 million in assets.