Top Portfolio Products: Additions and Subtractions for Direxion ETFs
Direxion announced two new ETFs plus splits for five ETFs that rallied sharply and reverse splits for four that suffered large losses.
It’s Not Just Fees That Hurt Performance of Active Management
S&P Dow Jones Indices reports that most retail mutual funds underperform their benchmarks even before fees are calculated.
Why Some New Funds Soar and Others Flop: Morningstar
A new Morningstar study on new mutual funds and ETFs teases out the factors that correlate with higher returns and flows three years later.
DOL, SEC Fee Scrutiny Sparks Shift to Passive Investing
Use of passively managed funds and ETFs at indie BDs and wirehouses will continue to accelerate, says Broadridge.
Fiduciary Duty, Mutual Funds and 401(k)s: Will Asset Management Firms Kowtow on Fees?
The New York Life employees' lawsuit over the expenses of index funds in their 401(k) plan has broader implications for the asset management business.
BlackRock Cuts 5-Year Return Assumptions Again for Most Asset Classes
Chief Strategist Richard Turnill cites falling yields and slower global growth expectations for capital markets' bearish outlook.
State Street to Pay $382M Over Hidden Markups in Foreign Currency Trades
State Street set prices driven by predetermined markups and made no effort to obtain the best prices for clients, regulators say.
Asset Managers Gobble Up Smart Beta Firms
These acquisitions provide another revenue source for acquiring asset managers, and their growing popularity could ultimately result in lower fees.
This Bull Market Is Powered By Your Indifference: Barry Ritholtz
The bull market really began in 2013... By that measure, this bull market is only three years old and could easily have a long way to go.
How to Save Retired Clients Thousands in Medicare Costs
Wealthier clients can save tens of thousands of dollars in Medicare premiums by using savings vehicles that the government doesn't consider in its income calculations.