WBI Investments Launches 10 ETFs, Attracts $1 Billion-Plus in Assets
WBI’s Don Schreiber says actively managed ETFs are the “next frontier” for ETF growth.
7 Ways to Avoid Picking a Bad Advisor
If a veteran Wall Street Journal editor covering wealth management gets duped by his advisor, Eric Nelson says, what chance do ordinary investors have?
Top Portfolio Products: SPDR Adds Risk-Focused ETF
Invesco launches laddered corporate bond product, as Schwab rolls out a real estate fund.
Gundlach: Don’t ‘Fight This Rally’ in Bonds
In his quarterly outlook, the DoubleLine CEO says forecasts of a rate hike are "almost comical" and holding currencies other than the dollar is "foolish."
Morningstar Upgrades 13 Funds, Downgrades 2
The research group issued new ratings on four mutual funds in August.
Assets Flood Into Hedge Fund Liquid Alternatives: Study
Hedge funds are elbowing into the mainstream at an accelerated pace, bringing new products to market and driving asset growth, Deutsche Bank says.
ICI Welcomes New SEC Rules on Funds, Asset Managers
“Any risks that may arise in asset management are best addressed by the SEC,” says ICI's Paul Schott Stevens.
SEC Preps Mutual Fund Rules
WASHINGTON-The Securities and Exchange Commission is preparing new rules to boost oversight of mutual funds, hedge funds and other firms as part of an effort to gain insight into whether the $50 trillion asset-management industry poses risks to the financial system, according to people familiar with the discussions.
Top Portfolio Products: Hartford Funds Launches Global Long/Short Fund
Meanwhile, Invesco introduces a fund focused on master limited partnerships.
PIMCO’s Gross Prefers Bonds to the Mattress, St. Louis Fed Not So Sure
Bill Gross says financial assets still beat cash, yet the St. Louis Fed finds Americans have been massively hoarding cash. Time to stuff your mattress?