Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans' finances.
The focus on dual registrants grows out of concern that the different compensation structures of the two business lines can create conflicts of interest and potentially harm investors, according to an SEC director.
Redemptions from Bill Gross's Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of CEO Mohamed El-Erian.
The number of investment products focused on environmental, social and governance factors has risen steadily in the last seven years
Financial advisors to some of the wealthiest Americans see struggling Puerto Rico as an outlier in the $3.7 trillion local-debt market, leading them to add municipal bonds as the steepest federal tax rates in more than a decade loom.
The extra yield U.S. corporate bonds offer compared with Treasuries approached a six-year low as investors speculated the economy will pick up after the North American winter ends.
ETFs and mutual funds are well-positioned for rising interest rates because they have most of their fixed income holdings in short-term government bonds, according to Morningstar Inc.
The mutual fund and ETF industries are creating new products that could offer the benefits of hedge funds without the high fees and minimums.
Bank of Nova Scotia's ING Direct unit sees growth potential in wealth management after it completes efforts to add deposits and customers and introduces a credit card, said Peter Aceto, who heads the business.
Fidelity Investments said Ronald P. O'Hanley, the firm's head of asset management since 2010, will leave at the end of February, without giving a reason.
Municipal bond mutual funds recorded their lightest outflows since May 22when they last registered inflows. But money still flowed from funds for a 33rd straight week, Lipper FMI numbers showed.
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The number of consecutive weeks of outflows, as well as their overall amount, surpasses those of the last great exodus from muni bond funds that occurred back between late-2010 and early 2011.
Scandals surrounding the setting of some of the worlds most important financial benchmarks, which influence the prices people pay for everything from oil to mortgages, have shaken confidence in vital markets.
Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to the biggest annual drop in more than three decades.
U.S. stocks were little changed, after the Standard & Poors 500 Index reached an all-time high last week and headed toward its biggest annual gain since 1997.
Five years after the equity bull market started, U.S. investors returned to stocks in 2013, just in time for the best relative returns versus bonds on record.
Outflows, weak supply, rising interest rates, and mediocre returns are forecast for the municipal market as it prepares to ring in 2014 in other words: more of the same.
While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.
Quiet and peaceful Valley Forge-Pa. is not a place where one would expect to find one of the most successful financial businesses in history a far cry from the hurry and shuffle of Wall Street. But Vanguard's home there speaks volumes about its ability to maintain its reputation as the lowest-cost provider of mutual funds and ETFs since John Bogle founded the company in 1974.
The independent broker-dealer got into hot water over unsuitable fund sales, according to FINRA.
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Bill Gross no longer runs the worlds largest mutual fund.
Investor demand improved, despite the continuation of outflows from municipal bond mutual funds for a 23rd consecutive week, at $503 million for the week of Oct. 30.
Pimco, the bond manager that started expanding into stocks four years ago, hired Virginie Maisonneuve from Schroders to lead the push after Neel Kashkari left in January.
The agency's chief administrative law judge has dismissed a commission order instituting cease and desist proceedings against two UBS executives in Puerto Rico for allegedly misleading mutual fund investors.
The most recent crop of alt fund contenders are performing like a classroom full of underachievers.
There have been 16 straight weeks of outflows from muni bond funds, to the tune of $26.4 billion, and industry watchers do not expect flows to bounce back anytime soon.
The modern version of balanced funds, these portfolios continue to make inroads with investors.
The bank launched new proprietary ETF portfolios that it says provide exposure to global investment opportunities by leveraging the international perspective of its parent, BNP Paribas.
Emerging market funds are battered, but there's a strong argument for staying the course.
Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.
Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.
TrimTabs Investment Research reported that U.S. equity mutual funds and exchange-traded funds gathered $34.4 billion in July through Wednesday, July 17, which is the second-highest inflow on record, according to the Sausalito, Calif.-based research shop.
Heavy outflows, at $1.56 billion, endure for municipal bond mutual funds as investor demand for tax-exempts continues to flag.
One service provider is looking to take advantage of the migration of hedge funds into the mutual funds space by offering its hedge fund clients its Investment Company Compliance Services offering.
Money market mutual fund assets increased by $8.53 billion to $2.632 trillion for the week ended July 17, according to the Investment Company Institute.
Municipal bond mutual funds continue to hemorrhage money as investor demand remains low.
USAA Investments has added two new mutual funds to its lineup.
Bond funds netted redemptions of $59 billion (excluding exchange-traded funds) last month, according to Strategic Insight.
Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.
Municipal bond fund outflows for the week of July 10 rose to $1.2 billion from $870 million the prior week.
Mutual funds had outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.
The Vanguard Group had its first monthly redemptions in almost 20 years in June as investors sold bond funds in anticipation of the Federal Reserve scaling back its asset purchases.
Mutual funds and exchange-traded funds are both pooled investment solutions that can successfully offer an advisor's strategies to a larger group of investors.
In investors' epic search for yield, one strategy in particular has risen to the top this year: loan participation mutual funds and ETFs.
Investors yanked $28.54 billion from long-term mutual funds were $28.54 billion for the week ended Wednesday, June 26, according to the Investment Company Institute.
Asset management deal activity rose during the first four months of this year as compared to a year earlier, according to a new report by Freeman & Co.
Investors yearning for income and fearing rising interest rates are clamoring for loan funds.
Mutual fund companies are facing ongoing challenges in overseeing their financial intermediary relationships as omnibus processing and the reliance on FIs continue to increase, according to a new survey by Boston Financial Data Services.
The muni market, reeling from one of the worst selloffs in 25 years this week, witnessed record-breaking outflows to muni bond funds of $4.53 billion for the week of June 26.
Tax-exempt money market funds had outflows of $314.7 million in the week ended June 24, decreasing total net assets to $261.48 billion, according to The Money Fund Report, a service of iMoneyNet.com.
During the week ended June 19, investors yanked an estimated $7.97 billion from taxable and municipal bond funds.
Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of this year.
Advisors needs and wants are moving targets and mutual fund wholesalers must constantly adjust to if they want to hit the bullseye.
Municipal bond investors, spooked that interest rates' climb from record lows is accelerating, continue to pull money from the market in record-breaking droves.
Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.
Investors pulled $13.34 billion from mutual funds for the week ended Wednesday, June 12, according to data from the Investment Company Institute.
The mutual-fund industry, in what may be the last round of lobbying against tighter rules for money-market funds, rejected a scaled-back proposal to force only the riskiest funds to give up their stable $1 share price.
In May, stock and bond mutual funds, including exchange-traded funds attracted $56 billion of net inflows bringing total net intake for the first five months to about $350 billion, according to data from Strategic Insight.
Within the past month, a number of mutual fund shops have embarked on branding campaigns.
The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.
The amount of money investors have withdrawn from municipal bond mutual funds, at $1.61 billion for the week of June 12, continues to climb and break records for the year.
The Securities and Exchange Commission has approved new FINRA rules that prevent mutual fund and hedge fund industry personnel from serving as public arbitrators, effective July 1.
After weeks of either net outflows or only modest inflows, tax-exempt money market funds recaptured $3.13 billion of net gains as total net assets grew to $260.97 billion in the week ended June 10, according to The Money Fund Report, a service of iMoneyNet.com.
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During the week ended June 5, investors yanked an estimated $11.53 billion from virtually all categories of long-term funds, giving them their first weekly outflow this year.
Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firms key distribution relationships and manage the continued expansion of its lineup of mutual funds.
For the second consecutive week, equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while conventional mutual fund took in $500 million.
Investors pulled more money from municipal bond mutual funds than they have all year as funds that report flows weekly recorded outflows of $1.47 billion for the week ending June 5.
Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.
Muni money funds continue to struggle to recoup the billions they lost this year particulary around income tax season and the arrival this week of $411 million is not much of a boost.
So-called celebrity funds draw interest and also widen the CEF spectrum, says Cecilia Gondor of Thomas J. Herzfeld Advisors.
OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.
Energy master limited partnerships produce somewhat predictable cash flows in up and down markets.
Mutual fund assets inched up by $179.6 billion, or 1.3%, to $13.856 trillion in April, according to data from the Investment Company Institute.
The current run up in equities is indeed producing passionate arguments for both approaches, with advisors, managers and commentators from across the financial spectrum weighing in.
Mutual funds attracted $7.97 billion for the week ended Wednesday, May 22, according to data from the Investment Company Institute.
Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, according to the Investment Company Institute.
Flows into municipal bond mutual funds scraped and clawed into positive territory the week of May 22, at $63 million.
T. Rowe Price is expanding its lineup of target-date funds.
Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute, but bond funds suffered.
To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds.
While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar.
Stock and bond funds, including exchange traded funds, maintained a strong pace of net inflows in April, according to fund industry researcher Strategic Insight (SI).
Fidelity Investments has rolled out a target volatility strategy, the Fidelity VIP Target Volatility Portfolio. The portfolio seeks to manage total return volatility within a target range.
Independent broker-dealers and RIAs have the edge over wirehouses when it comes to adding mutual fund assets under management, according to Access Data and Strategic Insight.
Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million.
Unfettered interest in fixed income has persisted, despite the reality that interest rates will rise.
Vanguard said Monday that it cut the expense ratios on several of its bond mutual funds and ETFs in April. These include three of its popular bond ETFs: the Long-Term Bond Index Fund (BLV), the Intermediate-Term Bond Index Fund (BIV) and the Short Term Bond Index Fund (BSV). Each fund saw its price tag change from 11 bps to 10 bps.
The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.
Total estimated inflows to long-term mutual funds were $3.66 billion for the week ended Wednesday, April 17, according to the Investment Company Institute.
During the week ended April 17, investors steered a paltry $3.66 billion into the funds, making it their most dismal week this year.
Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, said first-quarter earnings rose 24% as stock market gains helped boost assets.
U.S. mutual funds and exchange-traded funds, excluding money-market funds, pulled $6.5 billion in net inflows in the week ended April 17, according to Lipper.
Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.
BMO Asset Management U.S. is furthering its reach into the retirement market.
New rules to reduce risk in money-market mutual funds will be proposed in the next two months by the Securities and Exchange Commission, which wont be slowed by a leadership change, a commissioner said.
Vanguard reported that expense ratios have changed for three of its mutual funds and exchange-traded funds.
Inflows of $57.1 million entered the tax-exempt money market industry in the week ended April 8 and total net assets inched up to $273.12 billion, according to The Money Fund Report, a service of iMoneyNet.com.
Great rotation or not, more money hemorrhaged from municipal bond mutual funds as outflows occurred for the sixth straight week, at $631 million.
During the week ended April 3, investors withdrew an estimated $1.83 billion from U.S. equity funds, the most they have pulled from the funds in a single week this year.
Ultimus Fund Solutions has added David Carson to its senior management team as Director of Client Strategies to manage the series trust product line
The $8.7 billion Vanguard Capital Opportunity Fund (VHCOX) is now open to individual investors for the first time since 2004 and its $25,000 annual contribution limit for individual investors has been removed.
During the week ended March 27, investors steered an estimated $9.12 billion into mutual funds, down 26% from the $12.38 billion they poured into the funds a week earlier.
Unconstrained bond funds may see renewed interest this year, but at what risk?
American Century Investments has named Joseph Schultz head of intermediary sales, responsible for the firms field and internal sales businesses, including wirehouses, regional and independent advisors, registered investment advisors, insurance company advisors and broker-dealer key account management.
For the week ended March 20, investors steered an estimated $6.23 billion into taxable bond funds, more the three times the $1.97 billion they put into the funds a week earlier.
Wilmington Trust and BlackRock Institutional Trust Company are joining hands for a new suite of retirement funds.
Asset managers ramped up their marketing and compliance staff dedicated to social media efforts by more than 60% from 2011 to 2012, according to new research from Boston-based Cerulli Associates.
The Cyprus crisis seems to have the entire world gasping, including equity mutal fund investors.
Are mutual fund wholesalers and advisors under-stressed and overpaid? Well, the folks at U.S. News & World Report seem to think so.
Investors were down on the municipal bond market for a third straight week as $261 million poured out of weekly reporting muni bond mutual funds for the week of March 20.
For the week ended March 13, investors steered a paltry $1.64 billion into bond funds, a whopping 74% drop from the $6.42 billion they poured into the funds a week earlier.
Nuveen Investments has launched two new dividend-focused funds.
Putnam Investments LLC, the asset manager in its fifth year of a turnaround effort by Chief Executive Officer Robert L. Reynolds, introduced six new mutual funds, including two aimed at investors weary of stock swings.
Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.
Total estimated inflows to long-term mutual funds were $11.85 billion for the week ended Wednesday, March 6, according to the Investment Company Institute.
Eight mutual fund companies have been named Best In Group, winning the 2013 Lipper Fund Awards for the U.S., with TIAA-CREF and Delaware Management Company collecting the top group awards.
Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.
For the week ended March 6, investors steered an estimated $11.85 billion into mutual funds, up 41% from the previous week.
The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record, according to Strategic Insight.
At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.
Investors injected roughly $10.8 billion into mutual funds and exchange-traded funds (ETFs) for the week.
Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012.
For the first time in nine weeks, muni bond funds that report flows weekly recorded outflows for the week of March 6, at $97 million.
The SEC and the IRS have met to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.
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