On the eve of the 20th anniversary of the first U.S. listed exchange-traded fund — the SPDR S&P 500 ETF — both institutional investors and money managers are still hashing out their views on exchange-traded products.
The A$9.2 billion (US$9.7 billion) Melbourne-based VicSuper has adopted a customized index for its passive bond investments, dropping its market-cap-weighted index in favor of one with less exposure to the U.S. and Japan.
While wholesale policy changes are not expected in President Barack Obama's second term, some new Capitol Hill assignments have sparked a glimmer of optimism among retirement and investment industry observers.
The proxy season opens with the biggest number of shareholder proposals corporations confront coming from a group of investors representing $428.1 billion in combined assets and led by a Harvard University initiative, filing 74 resolutions calling for annual elections for directors.
The sorrow and anger over the killings of students and teachers in Newtown, Conn., have provoked an understandable impulse by pension fund executives and other institutional investors to do something to help stop gun violence.
If a public or corporate official distributes false financial information that serves as the basis for unwarranted action by others, they are guilty of either fraud or negligence depending on whether it was signed off on knowingly or carelessly. Why then are academics not held to the same level of accountability?