Yields on the $7 trillion parked in money market funds may soon be coming down. Market participants anticipate the Federal Reserve will cut its benchmark interest rate, and that could happen as quickly as the Sept. 16 Federal Open Market Committee meeting. It may be hard to budge clients from their cash hoard since inertia has worked in their favor, but advisors are certainly rethinking their strategies. “It’s been a great period of performance for those investors. So it’s hard to point fingers and say yo ...

Like any business, even low-cost ETFs need to generate revenue to cover their costs. Plenty of ETFs fail to garner the assets necessary to cover these costs and, consequently, ETF closures happen regularly. In fact, a significant percentage of ETFs are always at risk of closure. There’s no need to panic though: Broadly speaking, ETF investors don’t lose their investment when an ETF closes. A closure can, however, be inconvenient and costly. The good news is that for each high-closure-risk ETF out there, ...