SEC Smacks 71 Municipal Issuers for Muni Bond Violations
The issuers sold muni bonds using offering documents that contained materially false statements or omissions about their compliance with continuing disclosure obligations.
Index Funds Outperforming, and Outlasting, Active Funds: Morningstar
Morningstar concludes that mutual fund and ETF fees are the "only reliable predictors" of fund investing success.
Treasuries Gain as Minutes Show Fed Officials Split on Rate Hike
Financial markets had been expecting a more hawkish outlook for rates, but instead the minutes showed a multitude of opinions on when to hike.
Fund Managers Reduce Cash Positions, Boost Equities: BofA Merrill Survey
The August BofA Merrill Lynch fund manager survey shows more optimism about the global economy and equities, especially U.S. and emerging market stocks.
NY Fed President: September Fed Rate Hike Possible
William Dudley says market expectations of one rate hike before year end are "too low" given that growth and inflation forecasts are rising.
Summer Brings $54.6B in Active Equity Fund Outflows: Morningstar
Still, two fund groups are attracting assets to both their passive and active products, the research group says.
Low Interest Rates: Too Much of a Good Thing
There is solid evidence central banks aren’t delivering higher growth and may be undercutting their own mission by cutting rates too far.
Fidelity Submits Proposal to Retrofit Closed-End Funds as ETFs
Firm’s application calls for new exchange-traded active funds; Fidelity proposal would eliminate daily disclosure of holdings.
LPL Details New Mutual Fund-Only Accounts
The new accounts deliver “cost benefits of direct business but with the ability to supervise that comes with LPL custody,” the firm says.
Bernanke: How the Fed’s Thinking Has Changed
The ex-Fed chairman says there has been a change in how most FOMC participants view growth, unemployment and the value of the federal funds rate.