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...Hortense Bioy, global director of sustainability research for Morningstar, said despite the slowdown, green mutual funds were holding up better than the wider market....
...“There will be some schemes who like the idea that their members will be looked after by a mutual,” he said, aiming at the smaller pension fund end of the market....
...For mutual fund companies, the severity of restrictions on net sales is based on a given fund’s assets under management, with larger funds facing more stringent policing....
...In a 2019 paper titled “Challenging the Conventional Wisdom on Active Management: A Review of the Past 20 Years of Academic Literature on Actively Managed Mutual Funds”, Martijn Cremers, Jon A Fulkerson...
...Ian Smith’s piece on the mutual sector (Opinion, March 19) was a well-deserved pat on the back for a sometimes misunderstood and under-appreciated cog in the banking wheel....
...Fund providers in Europe that until recently saw little threat to their business model of selling actively managed mutual funds appear to be changing their tune....
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...their own mutual fund families, while TCW and F/m Investments have filed to add mutual fund classes to existing ETFs....
...While that total is still well shy of the $19.6tn in mutual funds, ETFs are closing the gap, powered by popular new products, such as February’s launch of the first ever spot bitcoin ETFs....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...Eventually the mutual fund is dead.”...
...calculations, compared with 62.4 per cent for active mutual funds....
...The result is likely to be a significant decline in mutual fund usage,” wrote Rick Wurster, president of Charles Schwab, the broker and mutual fund sponsor....
...MFS launched the world’s first mutual fund in 1924 and is the ninth largest US mutual fund complex....
...European mutual funds have never had two consecutive years of negative fund flows, data from Broadridge shows....
...Part of the problem is that investment advisors and mutual funds have been running just to stand still....
...Guinness Atkinson, the first firm to convert a mutual fund to an ETF, is the latest to file for permission to add ETF share classes to its mutual funds....
...The downsides of end-of-day NAV redemptions for mutual funds are also why the SEC in 2022 proposed to introduce swing pricing to mutual funds, which would pass on the transaction costs of redemptions to...
...But it is not just ETFs that are taking money from mutual funds....
...“They are not coming from our mutual fund line-up....
...per cent for active mutual funds....
...Morgan Stanley has filed to convert two mutual funds to exchange traded funds, marking its first application to make such a switch since it launched its first ETFs early this year....
...Firstly, many distribution platforms charge mutual funds — but not ETFs — a fee to be listed....
...“The funds will be chosen where the adviser believes the multi-class structure is in the best interest of the ETF class and mutual fund class individually, and the fund as a whole,” the filing states....
...Now it seems even passive mutual funds may be struggling to meet the bar the UK regulator has set in order to tackle claims of fund industry “greenwashing”....
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