FundQuest launched nine mutual funds as part of its new ActivePassive Funds family, which offers four U.S. equity funds, two U.S. bond funds, and three international funds. The funds are founded on proprietary research conducted by FundQuest that compares the benefits of active and passive portfolio management in 58 major categories or styles of investments. The range of active management in each fund varies from an optimal 36% for large cap to an optimal 95% for emerging markets.
…Fidelity Investments introduced two online college planning tools on its College Planning Web Portal at www.fidelity.com. The 529 Plan Comparison Tool allows investors to conduct a side-by-side review of the features and benefits of 529 college savings plans, while the 529 State Tax Deduction Calculator helps investors determine if there is a significant tax advantage to investing in the 529 college savings plan offered in their state of residence.