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Join the Securities Litigation and Enforcement Group on LinkedInYou Might Be Paying Too Much for That Index Fund – WSJ
Index-tracking funds are inching closer to free. State Street last month slashed the fee on its cheapest S&P 500 exchange-traded fund, known by ticker symbol SPLG, to 0.02%—making it less than a quarter of the cost of its popular SPY fund that tracks the same stocks. It is now the cheapest index fund in its […]
Insider trading scandal ‘final nail in the coffin’ for index committees
The role of index committees at S&P Dow Jones Indices was thrown into the spotlight last week after one of its members allegedly made $900,000 from insider trading on index changes he was privy to. James Yang, a senior index manager at SPDJI, was responsible for managing a wide range of US indices with more than $70bn […]
Do Index Funds Monitor?
Our paper, Do Index Funds Monitor? examines whether index funds monitor the firms in their portfolios and hold corporate managers accountable to the same extent that actively managed funds do. If a shareholder disagrees with firm management, she has three options. First, she can voice her opinion by voting against management proposals and in favor […]