Investors face lower returns than with active funds, much higher costs than with passive funds
The suite, available Sept. 9, includes 18 new funds and rebranded Quadrus mutual funds
Valuation concerns driving mutual fund redemption suspensions
ETF assets overall grew 6.4% in July
The changes to six Investors Portfolios will allow for flexibility, the firm says
New launches include equities funds and U.S-dollar versions of ETF portfolios
Investment manager also reduces minimum for private pools
The proposals seek a more investor-friendly approach to fund disclosure
The investment manager discontinued its goals-based investing program
Equity ETFs drove first-half sales, while mutual funds rose thanks to money market funds