Charles Schwab Investment Management announced the launch of a series of index-based target date mutual funds on Thursday that the asset manager says are the lowest-cost target date mutual funds available to employer-sponsored retirement...
The warning is posted in fine print at the bottom of all mutual fund advertisements: "Past performance does not guarantee future results." The U.S. Securities and Exchange Commission requires it.
(Bloomberg) -- Like many Americans, Ken Winterhalter wants the financial industry to pay for its past recklessness. His favored punishment, however, isn’t jail time for CEOs or bigger corporate fines...
(Bloomberg View) -- New rules aimed at strengthening one of America’s most popular savings products -- the money-market mutual fund -- are causing a minor tempest in financial markets, drawing complaints about unintended consequences...
(Bloomberg View) -- Last week, yet another slew of private retirement plan managers became the target of class-action lawsuits. This time it was a bunch of universities: Yale University, New York University, the Massachusetts Institute of...
