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Excessive Fee Lawsuit To Affect Retirement Plans
The ongoing litigation in Tibble vs. Edison reached the Supreme Court recently in a dispute over the high cost of retail mutual fund share classes in 401(k) plan when lower cost institutional share classes were available. The defendants argue that the statute of limitations alleging the fiduciary breach had expired. The case serves as a reminder that Plan fiduciaries should review plan investments each year to see if there... -
ETF.com Award Winners Announced
ETF.com announced its 2014 award winners at its annual banquet held in New York City on Thursday. Endowment IndexTM calculated by Nasdaq OMX® was a finalist for Index of the Year. The Index of the Year award went to the Bloomberg U.S. Dollar Spot Index. Other category winners included: ETF of the Year: Wisdom Tree Europe Hedged Equity Fund (HEDJ) Best New ETF for 2014: Market Vectors China AMC... -
Collective Investment Trusts for 401(k) Plans Becoming More Popular
A recent article titled “US Mutual Funds Cut Expenses by Shifting Billions To Trusts” discusses the growing use of Collective Investment Trusts (also known as Collective Investment Funds, CITs or CIFs) based upon their lower cost structure. A few excerpts: Assets in CITs are surging because they can have significantly lower overhead costs than the average mutual fund. CITs can only be offered to qualified retirement plans such as 401(k)s... -
Endowment IndexTM Named A Finalist for Index of the Year for 2014 by ETF.com
MARCH 11, 2015 08:53 AM EASTERN DAYLIGHT TIME APPLETON, Wis.–(BUSINESS WIRE)–The Endowment IndexTM (symbol: ENDOW) calculated by Nasdaq OMX®, has been honored as a finalist for “Index of the Year” by ETF.com for 2014. The rules-based Endowment IndexTM tracks the performance of the average university and college endowment portfolio. The Index represents the investable opportunity for managers of portfolios that utilize the Endowment Investment PhilosophyTM by incorporating alternative investments within their...