In the Margins
The Financial Industry Regulatory Authority has warned investors of risks associated with "smart beta" exchange-traded funds. "Because there's no definition of what the heck smart beta even is, it's hard to issue a warning," David Nadig, director of ETFs at FactSet, said. Still, FINRA tried. The self-regulatory organization recommended investors read funds' prospectuses, carefully evaluate the costs and risk, and take note of funds' holdings and liquidity. Read the original story from The WSJ.
Most Read
Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...
Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...