Mutual Funds Updates

Lack of client demand remains the top reason advisors say they aren’t using socially responsible investing strategies. But some advisors see that slowly changing.

Mutual funds will now be allowed to email shareholders, Baird acquires $2 billion M. Griffith and EP Wealth acquires Donnelly Wealth Advisors.

EPFR data shows European equity funds lost $2.5 billion during the last week of May as the prospect of a populist Italian government and fears of a wider economic slowdown chased investors from the market.

Long Island b/d charged in Ponzi scheme, Hewins spins off a new team focusing on family businesses and Vanguard’s got $47 million worth of pot stocks in a mutual fund.

Putting a “green” ESG screen over an old-line index of companies won’t achieve a truly sustainable portfolio prepared for future economic risks.

Volatility and rising interest rates have made advisors keen as ever on active investment strategies.

Still, investors pulled money from high-yield mutual funds, even as high-yield ETFs remained steady.

U.S. stocks, and the funds that invest in them, have been boosted by the pace of corporate buybacks as companies recycle their profits and money is being repatriated under the reformed tax code.

The more than $90 billion that flowed into U.S. high-yield bond funds in the wake of the financial crisis has flowed back out—and more besides—even though the performance of the asset class is holding up.

Investors with a sector focus were slow to funnel new money to energy sector funds at a time when oil prices hit new highs.