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Showing 41 - 50 of 263 results for "Mutual fund"

Financial planning pioneer to speak at FPA Congress

KANIKA SOOD  |  FRIDAY, 22 NOV 2019
... finance came after a speaking event where he addressed about 700 people and the next day received a letter from a mutual fund company inviting him to work for them, to share his human-centric ideas. The switch to financial planning came after a conversation ...

Global ETF industry hits record high

ELIZA BAVIN  |  FRIDAY, 8 NOV 2019
The global ETF industry hit a new record high in the third quarter with assets in US passive managed funds and index ETFs topping those in US active managed funds for the first time, according to BetaShares. Global ETF's finished the quarter with US$5.8 ...

Envestnet founder tragically killed

ELIZABETH MCARTHUR  |  TUESDAY, 8 OCT 2019
Founder and chief executive of Envestnet Jud Bergman has been tragically killed in a car accident alongside his wife, Hanover Hill Wealth Advisors founder Mary Miller. A former managing director of mutual funds at Nuveen Investments, Bergman founded ...

Milestone ETF Rule passed

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2019
Global regulators are taking notice of the maturation of exchange-traded funds, with the US Securities and Exchange Commission adopting a new rule to modernise their regulation. Twenty seven years on from the launch of the first ETF, the SEC has voted ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows. The Institute for ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... agreed to pay," SEC Boston Regional Office director Paul G. Levenson said. "Fund expenses make a big difference to mutual fund investors and advisers; they have a right to receive honest information about what they're paying for." Without admitting or ...

Instos flex influence over investee companies

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... Monash Business School finds. About 275 Australian institutional investors, the majority of which work in the super and mutual fund sectors, believe the larger the stake in the company the greater the influence. The majority of respondents (more than ...

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
Macquarie Investment Management has purchased the mutual fund assets of a 145-year-old American financial services organisation. Foresters Investment Management Company which acts as the investment adviser of the First Investors funds entered into a ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
... Woodbury Financial Services. One year ago, the American corporate regulator found that investment advisers selling mutual fund shares were placing their clients in a share class that deducted recurring fees from the fund's assets, when a lower-cost ...

Vale John Bogle

HARRISON WORLEY  |  THURSDAY, 17 JAN 2019
... Vanguard founder John Bogle has passed away at the age of 89. The investment legend who introduced the first index mutual fund for investors, died today in Bryn Mawr, Pennsylvania. Vanguard chief executive Tim Buckley paid tribute to Bogle, and said ...