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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....
...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...
...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....
...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....
...calculations, compared with 62.4 per cent for active mutual funds....
...Meanwhile don’t miss this recent Vanity Fair feature on why Palm Beach is having a “category 5 identity crisis” . . . The mutual fund at 100: is it becoming obsolete?...
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...European actively managed mutual funds’ estimated annual fee revenues are set to be 10.5 per cent lower this year compared with 2021....
...“They are not coming from our mutual fund line-up....
...MFS launched the world’s first mutual fund in 1924 and is the ninth largest US mutual fund complex....
...Part of the problem is that investment advisors and mutual funds have been running just to stand still....
...ISS projected that active ETFs’ revenue will rise at a 16.5 per cent annualised rate from 2024 to 2028, outstripping its 11.1 per cent forecast for passive ETFs, 9.5 per cent for index mutual funds and 4.9...
...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....
...But it is not just ETFs that are taking money from 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....
...In the US that figure is half of all mutual funds. Liontrust and its ilk trade cheaply at or below 10 times forward earnings....
...Firstly, many distribution platforms charge mutual funds — but not ETFs — a fee to be listed....
...The number of model portfolios that are built purely from ETFs has risen by 30 per cent since the first quarter of 2022, Guillette said, with the number of mutual fund-only structures falling 8 per cent...
...“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”....
...There’s also a trio of JPMorgan Hedged Equity Funds (mutual funds each with somewhat different reset dates) that together manage another $25.6bn....
...“Active ETFs have more advantages than a mutual fund,” he said, referring in part to the beneficial tax advantage that US ETFs have over their mutual fund counterparts....
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