In the Margins
PowerShares Buyback Achievers, the largest exchange-traded fund related to companies repurchasing their own stock, has sharply underperformed the market and experienced outflows this year. The ETF is up 2.1% in 2017—less than half the 5.1% rise posted by the S&P 500. Moreover, investors have pulled $25.9 million from the $1.4 billion fund year to date. Read the original story from MarketWatch.
Most Read
When the Securities and Exchange Commission announced earlier this month it was charging a mutual fund adviser, some of its officers, and two independent fund directors ...
Independent mutual fund directors, on average, took home more pay in 2022 than they did the year prior, according to new figures from Management Practice Inc. ...
The Securities and Exchange Commission on Friday said it has charged an investment adviser, its CCO, its fund's president, and two independent fund directors with "aiding ...
William Birdthistle, director of the SEC's Division of Investment Management, delivered keynote remarks at a mutual fund industry conference this morning but failed to address a ...