Investors Should Sit Tight When a Fund Changes Managers: Morningstar
Research by the fund analysis firm found that changes in fund management have little if any impact on fund performance.
Morningstar Acquires 40% Stake in ESG Ratings Firm Sustainalytics
The acquisition extends a partnership with Sustainalytics, which provides the analysis for Morningstar's ESG ratings of mutual funds and ETFs.
Seward & Kissel Launches Regulatory Compliance Service: Portfolio Products
Also, GuideStone Funds introduces a strategic alternatives fund and USCF launched two three-times leverage oil funds.
Bob Doll Sees Stocks Rising; Scores His 10 Predictions
Nuveen's top equity strategist acknowledges investor worries but expects global growth will be strong enough to push equities even higher.
Morningstar, MMI Launch Sustainable Investing Initiative
The program is focused on educating financial advisors about ESG investments because an increasing number of clients are demanding them.
Fear Keeping Investors’ Cash Levels High: Merrill Survey
Fund managers worried about a shock coming from bond markets or central banks.
If You’re an Asset Manager Embracing Change, the Future Is Bright: Cerulli
The traditional distribution model is changing and managers must find ways to stay relevant, according to Cerulli.
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products
Also, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
Vanguard Proposes Fund-Advisor Changes
The proposals were sent to the SEC on the same day the firm announced that CIO Tim Buckley would become CEO in January.
Vanguard CEO McNabb to Step Down
Chief Investment Officer Tim Buckley, who joined the firm in '91 as an assistant to then Chairman John C. Bogle, will become CEO on Jan. 1.