Factor investing, meant to lower volatility, caught on in academia two decades ago. Asset managers are only too eager to roll out funds based on the concept.
Our long-time mutual funds editor Stan Luxenberg has advice for financial advisors on which funds to use when clients get nervous. His point? There are funds which can run to cash — in a BIG way — when the portfolio managers turn...
Claiming they are giving advisors what they asked for, American Funds recently rolled out its new ‘Portfolio Series’ of funds. It remains to be seen if the new products will help staunch the severe outflow of assets at the once dominant fund company.
The Facebook offering, as everyone in the world knows, including the checkout gal at my local Duane Reade, is a nightmare. It a nightmare for Facebook, a truly bruising headache for Morgan Stanley, who led the syndicate, and, natch, a giant bo...
