Fund firms are likely to face downward pressure on fees, as well as fewer mutual fund share classes, based on the Department of Labor’s (DOL) fiduciary rule, according to a recent story in Investment News.
Morningstar recently announced changes to its Morningstar Analyst Ratings system, now applying this forward-looking rating to ETFs. In addition, ETFs will now be combined into the same relevant peer group alongside mutual funds for the traditional Morningstar one to five-star rating calculated quantitatively using backward-looking performance and risk data.
There are many financial industry conferences hosted every year. Each event requires a hefty "investment" of time and resources. Choosing which conferences to attend each year can be a daunting task.
Market Volatility Is Here To Stay. How Are Some Investors Dealing With It?
The first half of the year saw the market heading toward stability and growth for the first time in years.
US Investors May Fear They've Missed the Boat on this Recent Market Rally
-US equity funds shed $8.2 billion in the week ending July 20
-US bond funds captured almost double that amount
Morningstar reported that active US equity funds suffered the largest monthly outflow since October of 2008.
Active managers had a tough time in June. In fact, they’ve had a tough twelve months: active managers have lost over $315 billion in assets over the past year according to Morningstar.