American Funds Distributors
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Legg Mason wants to build 'better' ETFs
Legg Mason Inc. has asked U.S. securities regulators for permission to build index-tracking ETFs, a first step toward building its own business after poaching two Vanguard executives.In a statement Wednesday, Legg Mason said its application is “the next step in building the organizational structure
American Funds charges into 2015 with best sales in seven years
The mutual fund favorite pivots, finds success with financial advisers as investors look outside the U.S. (Don't miss: The first quarter's best and worst mutual fund groups)
Investors shun stock pickers, favor Vanguard, BlackRock, State Street
Fund sales switch decisively toward plain-vanilla, index investing, move out of Pimco Total Return has big impact on flows.
American Funds to get approval to offer ETFs
The SEC intends to approve an application by Capital Group, parent of the third-largest mutual fund company, to offer ETFs.
Precidian Investments takes a second shot at regulatory approval for active ETFs
Precidian Investments has revived a once-rejected plan that fund managers hope will help them bring active management to the fast-growing ETF market.In a filing with securities regulators Monday, the firm recast its ActiveShares proposal — with support from fund managers including BlackRock Inc.,
Ranking the top 10 529 plans
Find out what plans are dominating the 529 space based on their assets in the fourth quarter of 2013.
New NASAA chief: Time to beef up the SEC
Ohio Securities Commissioner Andrea Seidt is concerned that the Securities and Exchange Commission is getting bogged down. As the newly appointed head of the North American Securities Administrators Association Inc., she wants state securities regulators to help the SEC get more federal funding and
American Funds retools approach to adviser market
After five years of outflows — to the tune of $242 billion — American Funds is overhauling its approach to working with financial advisers. Jason Kephart has the details.
American Funds makes push to increase transparency
Firm will share how portfolios are managed but won't reveal performance and holdings
Active management: More sales pitch than reality?
This fall's market forecast calls for an increase in volatility, which means that financial advisers can expect to hear a lot about how active stock pickers can help cushion against a drawdown. However, much like the fabled stock picker's market, the message is more sales pitch than reality. The
Contrarian play on its way from American
Capital Research and Management Inc.'s American Funds is preparing to launch its first pure-play emerging-markets-equity fund as the asset class suffers from growing pains.
Arbitration bill is introduced
Rep. Keith Ellison, D-Minn., a member of the House Financial Services Committee, has introduced legislation that would end mandatory arbitration in broker and investment adviser agreements with clients, but the bill faces an uphill battle.
Risky alt investments being probed
The Massachusetts securities cop last week sent subpoenas to 15 brokerages as part of a probe of sales of alternatives. Here are the products the regulator is zeroing in on.
Tussle over mandatory arbitration
The Securities and Exchange Commission may be putting off reforming mandatory-arbitration clauses in brokerage contracts, but that doesn't mean state regulators are backing off their fight to change the system.
More advisers stay in touch by tweeting
Financial advisers are warming up to social media. More advisers are jumping onto Twitter and using social-networking platforms to communicate news and information to clients, according to a new survey from American Century Investments. About 34% of advisers have Twitter accounts, an increase from