Last quarter, Vanguard bumped State Street from its position as the industry’s second-largest provider of exchange traded funds and intermediaries say weak value-added services may be to blame. So reports Financial Advisor.
Target date funds are unlikely to meet investors’ goals because of their over reliance on bonds and equities, says Robert Arnott, who is a frequent critic of the products and chairman of Research Affiliates. So reports Financial Advisor.
After being hit with $18.5 million in outflows in February, Bill Gross Janus Global Unconstrained Fund captured $10.2 million in inflows in March, bringing the fund’s assets up to $1.5 billion. So reports WealthManagement.com.