Some managers are conjuring ESG funds out of thin air by 'repurposing' struggling mutual funds, sometimes just changing the language in the prospectuses.
Going forward, Morningstar will provide Analyst Ratings for each share class of a fund, which could mean downgrades for those with high distribution fees.
True market neutrality is hard to find. Hundreds of portfolios may claim the title, but only a handful consistently deliver the factor.
Avantis Investors has filed to launch five equity strategies aimed squarely at fee-based advisors, promising broadly diversified portfolios and low fees.
Governments charge user fees for parks, roads and other infrastructure. Why not do the same for the financial system?
Some data suggests advisors are taking more of an interest, even if the majority are still too 'stale, male and pale' to consider a change.
Allianz plans to use the robo advisor Moneyfarm to offer some of its actively managed funds directly to retail investors, without them having to go through a bank or a broker.
Impact investors have deployed $502 billion but it's only just scratching the surface of the world's problems.
Fidelity announced a 14% price reduction on entry-level share classes of the Fidelity Freedom Index Funds and its institutional Index Target Date Commingled Pools.