American Funds Fights Active Management ‘Misperceptions’
Decades old, the debate over passive investment strategies vs. active isn’t about to die down anytime soon.
Fidelity Names Abigail Johnson CEO to Succeed Father, Ned Johnson
Ned Johnson tells shareholders he will stay with Fidelity as chairman.
Fidelity Launches Actively Managed, Fixed Income ETFs
Fidelity Investments is expanding its ETF offerings with a suite of actively managed fixed income funds.
19 Top Colleges for Green MBAs: 2014
These college rankings weave together the priority given to sustainability education with Financial Times’ Global MBA ratings.
Janus Buys VelocityShares, Giving Gross Fixed Income ETF Launching Pad: Morningstar
The $30 million acquisition positions Janus “within the rapidly growing rules-based and active ETF universe," says Janus Capital CEO Richard Weil.
PIMCO’s Q3 Outflows Top 5% of Assets
The big bond shop’s AUM declined by about $23.5 billion after Bill Gross departed for Janus.
Top Portfolio Products: Goldman Sachs Adds, Rebrands Funds
Plus, ProShares rolls out EAFE-dividend and Morningstar-alternatives ETFs.
PIMCO’s New CIO Gives Global Outlook, Sees U.S. Energy as Key Tool
CIO Scott Mather and Greg Sharenow say geopolitical volatility is slowing global economy but see U.S. energy as a stabilizing force.
More Middle- to High-Income College Students Graduate With Debt
In 2012, 62% of students from upper-middle income households left college with debt — two decades ago, that number was 34%.
Morningstar: PIMCO’s Post-Gross Total Return Fund Is Fine—for Now
While the fund has seen “significant outflows,” PIMCO has “sufficient liquidity” to handle it, says Morningstar’s fixed-income team.