Articles and Videos on Mutual Funds
S&P: 60% of U.S., 75% of international active equity mutual funds fail to outperform benchmarks for year
trueData released by S&P Dow Jones Indices on Monday showed 60.2% of U.S. domestic equity mutual funds failed to outperform their benchmark for the year ended June 30. The number jumps even higher over longer time periods, with 85.9% and 73.6% of domestic funds trailing their benchmarks over three- and ...
BlackRock shuttering its iShares target-date ETF business
trueBlackRock's exchange-traded funds division, iShares, is shutting down its entire lineup of target-date ETFs next month.
Money manager DC assets up 21% to $5.2 trillion in 2013
trueBolstered by a soaring stock market, defined contribution assets under management climbed to $5.19 trillion last year, a 21.1% increase over the previous record of $4.28 trillion in 2012, according to Pension & Investments' annual survey of DC money managers.
ICI: 401(k) mutual fund fees continue to drop
trueAverage fees for equity mutual funds held in 401(k) accounts fell to 58 basis points last year, down five points from 2012, said a report by the Investment Company Institute published Monday.
Push for alternatives forcing managers to change stripes or die
trueThe inexorable move into alternative investments by institutional investors is reshaping the money management business.
Vanguard vaults past Fidelity in total DC assets
trueVanguard jumped past Fidelity to become the largest manager of U.S. defined contribution assets, a post Fidelity had held since 1998, Pensions & Investments' annual survey of money managers shows.
CIBC taps 3 subadvisers for 5 funds
trueCIBC Asset Management hired American Century Investment Management, Amundi Canada, and Pzena Investment Management as subadvisers to five mutual funds.
DeAWM hires 4 subadvisers for new long/short mutual fund
trueDeutsche Asset & Wealth Management hired Atlantic Investment Management, Chilton Investment Co., Lazard Asset Management and Omega Advisors as subadvisers of its DWS Strategic Equity Long/Short Fund.
ICI: Average equity mutual fund fees drop in 2013
trueEquity mutual fund expenses continued falling, reaching an average 74 basis points in 2013, down three basis points from 2012, according to a report by the Investment Company Institute.
One manager's decision to convert a CIT into a mutual fund
trueIn June 2008, SKBA Capital Management LLC launched a daily valued collective investment trust in its flagship ValuePlus equity strategy, which focuses on dividend-paying companies. The initial capital for the fund came from employee contributions.
BlackRock taps 8 to subadvise alternatives mutual fund
trueEight subadvisers have been hired to manage the yet-to-be launched BlackRock Multi-Manager Alternatives Fund, according to a filing with the SEC.
Retail investors behind firms' growth
trueMoney managers are seeing increased inflows in multiasset and alternative investment strategies from non-institutional clients, which some believe could be the beginning of a permanent shift.
Alternative mutual funds to get SEC test for leverage, liquidity
trueAlternative mutual funds will be examined by the Securities and Exchange Commission to assess whether managers are complying with leverage and liquidity rules.
After big TIAA-CREF-Nuveen deal, boom predicted in manager mergers
trueIn the wake of TIAA-CREF's purchase of Nuveen Investments Inc., industry watchers say there is more to come.
SEC commissioners decry systemic designation for asset managers
trueTwo Securities and Exchange Commission members this week backed the fund industry's stance that asset management companies shouldn't be deemed too big to fail, and they also complained that they are being shut out of deliberations by federal regulators that could lead to tougher regulation on the ...