Updated Tuesday, September 23, 2014 as of 12:19 AM ET
Indexing Trumps Luck or Skill, Fama Tells Morningstar Conference
Some managers may out-perform short-term, but "you can't tell good luck from good skill, or bad luck from bad skill," the Nobel winner says.
More in Mutual Funds
In the past, most dividend payments have continued, and many increased, even when stock prices have fallen. more »
Clients often place too much importance on high performance and not enough on consistent returns. more »
When it comes to predicting where U.S. borrowing costs are headed, the bond market isn't taking Wall Street’s advice seriously. more »
Investors have returned to equity funds now that the financial meltdown is a distant memory. more »
Mutual-to-stock conversions are facing new hurdles, as evidenced by events at a pair of Massachusetts mutuals. Depositors at Beverly Bank recently rejected its proposed conversion, while Reading Co-op Bank changed its bylaws to make it more difficult to convert. more »
A group of bondholders trying to recoup their investment in a failed Moberly, Mo. artificial sweetener plant has added as a defendant Raymond James Financial Inc. — which acquired the bond deal's underwriter and lawsuit's original target. more »
How to avoid investment bubbles; Real estate's rebound retracts; Warning signs of a 20% tumble in the market more »
Wealth gap lasts into retirement years; Will federal retirement wipe out Social Security benefits; Never too young to start saving for retirement more »
A Vanguard model aiming to forecast the next decade’s returns offers some useful takeaways. more »
UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday. more »
New rules will require institutional prime funds to allow NAV to float to market value. more »
U.S. investors are used to treating money-market mutual funds as the equivalent of a checking account. That is about to change for the riskiest of the funds. more »
Index mutual fund assets are at new heights but the pressure to keep costs down deters new entrants, says a Lipper analyst.. more »
10 Signs Your Clients May Be Slipping
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