At Vanguard, which popularized the S&P 500 index funds, workers will no longer be able to choose that option in their 401(k) retirement plan. The S&P 500 index fund, one of the low-cost examples of passive investing that put the firm on the investing map, will be dropped this month from the mutual fund giant’s menu of options for its employees’ 401(k) plans. Jim Boyer, who previously worked in Vanguard’s defined-contribution retirement plan division, said the overall menu of funds available are still “great, but why would the firm risk a potential lawsuit by getting away from the S&P 500 index fund in its own retirement plan?” Boyer said colleagues were upset over the removal of the S&P 500 index fund — an institutional class of shares in the fund that charged just 0.02 percent annually, making it one of the cheapest options. Vanguard pioneered the use of such low-cost funds. “This is one of the most important funds that … [Read more...] about For Vanguard employees’ own retirement fund, the firm will no longer offer its signature S&P 500 index fund
Many investors believe that the best way to choose among similar index-tracking funds for long-term investment is to pick the one with the lowest fees. But there’s a better way: Compare the funds’ after-tax returns. Looking at the 25 most popular S&P 500 index funds, measured by assets under management, it’s clear that the tax-management practices of the funds are more important to their long-run performance than their fees are.... … [Read more...] about What Really Matters for an Index Fund: Tax Skill
Since the financial crisis there has been a consistent mantra around investing: Low-cost index funds makes the most sense because they are generally cheaper and perform better over long periods than mutual funds managed by stock pickers. But now, some active managers are taking a new tack in making the case for their approach: They say the popularity of indexing, along with other changes in the market, is making it easier for them to find mispriced securities, resulting in a more fertile environment for stock picking than... … [Read more...] about Some Active Managers Smile at the Index-Fund Robots
David Winters, a veteran value investor, has a provocative idea: Index funds aren’t the dirt-cheap choice we all believe them to be. These autopilot portfolios that seek to match the market, not to beat it, have become the most popular investment vehicle in history. Tens of millions of investors hold roughly $4 trillion in U.S. […] … [Read more...] about Do Index Funds Cost 100 Times As Much As You Think?
Cryptos Fund - Cryptocurrency investment fund Cryptos Fund, the first regulated cryptocurrency index fund, is pleased to announce the launch of a new entity dedicated to qualified investors. Cryptos Fund is the best vehicle for investing in the entire cryptocurrency/blockchain sector.”— Carlo ScevolaPRINCETON, NJ, USA, April 12, 2018 /EINPresswire.com/ -- Cryptos Fund (US) is based in Princeton, NJ, and is managed by Hermes Asset Management, with a team lead by Igor Rivin, one of the world’s most respected mathematicians, professor of Mathematics at Temple University and former Regius Professor at St. Andrews. CCi30 index of the 30 main cryptocurrencies, thus allowing investors to gain exposure to the entire Blockchain sector. The CCi30 grew over 4,800% during 2017, considerably outperforming Bitcoin and other cryptocurrencies, with lower volatility. Carlo Scevola, one of the fund’s principals, says: “offshore operations of Cryptos Fund have achieved an … [Read more...] about Cryptos Fund, the leading cryptocurrency index fund, opens in the USA