The focus of the newly independent ShareBuilder 401k will be on expanding coverage among small companies, says its president.
Touchstone Creates Additional Equity Funds; AAM Builds Third High Dividend Value ETF; and HB&T to Build ESG-Centered Collective Investment Fund.
By comparison, the majority of mutual fund investing for Baby Boomers is outside of an employer-sponsored retirement plan, Investment Company Institute data shows.
Franklin Templeton creates additional active funds; Hartford Funds presents ETF focused on fixed income; First Trust introduces actively managed ETF; and more.
The agency also adopted a new rule allowing fund companies to share information via the Internet.
The First Trust Dorsey Wright DALI 1 ETF seeks to correspond to the Nasdaq Dorsey Wright DALI 1 Index, which is designed to evaluate four broad asset classes: Domestic Equity, International Equity, Fixed Income and Commodities.
Findings suggest the opportunity is ripe for smart beta ETF products, but more industry education is needed.