MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 27, 2013 Jaffe Tries to Parse Ed Jones' Fund Strategy Marketwatch's Chuck Jaffe considers Edward Jones entering the mutual fund industry "frankly, just a bit weird." Edward Jones is opening the Bridge Builder Bond fund but, despite a good management team, investors could already get bond funds run by those managers, Jaffe points out. This is just a "first step" for Edward Jones, as the new fund joins the hundreds on Edward Jones Advisory Solutions investment platform. Though the giant may eventually launch a greater fund line-up, no one knows for sure, Jaffe says. So what is Jones' angle? The new fund gives them "top-flight" managers, Jaffe writes. Having control over the portfolio by diversifying managers within the fund gives Jones better ease of management and is most likely the fund's "selling point," Jaffe writes. To read more, click here. Printed from: MFWire.com/story.asp?s=45763 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |