Morgan Stanley disclosed an almost $1 billion loss from the collapse of private fund Archegos on Friday.
The move marked the first time that mutual funds were converted into exchange-traded funds. It won’t be the last. DFA plans to switch six funds soon.
Financial advisors seeking to enhance their business practices can consider outsourcing components of asset management through model portfolios.
A growing number of advisors, academics and prognosticators are urging the investment community to abandon the traditional 60-40 balanced portfolio.