Five Must-Read Fund Items

A quick look at mutual fund news from around the web that every advisor should be following.

More On Legal & Compliance

from The Advisor's Professional Library
  • The New and Improved Form ADV Whether an RIA is describing its investment strategy in advertisements or in the new Form ADV Part 2, it is important the firm articulates material risks faced by advisory clients and avoids language that might be construed as a guarantee.
  • Pay-to-Play Rule Violating the pay-to-play rule can result in serious consequences, and RIAs should adopt robust policies and procedures to prevent and detect contributions made to influence the selection of the firm by a government entity.

SEC Issues Worthless Warnings on Fund Performance Ads writer Ahmed Taha analyzes the SEC's warnings to investors about not using a fund's past performance to predict future performance.

Active Management: Is It Time? writer J. Gibson Watson III shares points in favor of active portfolio management.

The Rise Of The Hedged Mutual Fund

Marc L. Ross, CFA, CFP, shares an introduction to hedged mutual funds at

A Brief History of the Mutual Fund

James E. McWhinney offers an excellent summary of mutual funds' emergence and development.

In Pictures: 11 Faith-Based Mutual Funds and ETF Families gives a great overview of this new development in an unusual format.

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