Vanguard recently announcement that it has cut fees on certain index products and said the move is driven by its long-term commitment to offer low-cost funds rather than as a response to other firms cutting advisory expenses. That's according to Vanguard CEO Bill McNabb. So reports RIABiz.
Metropolitan West has earned top bragging rights with its Total Return Bond Fund, which has $79.4 billion in assets, displacing the PIMCO Total Return Fund as the largest fixed-income mutual fund. So reports Bloomberg.
New rules approved by the U.S. Treasury Department now allow plan sponsors to offer retirees the option of taking a portion of their pension as an annuity and the remaining portion as a lump sum. So reports Forbes.
Many market observers have attributed the explosive growth of exchange traded funds to Millennials and GenXers, but a new study shows that Baby Boomers are more receptive to the products than their younger counterparts. So reports ThinkAdvisor.