Hung Tran

Northern Trust is touting the rapid growth of its’ defined contribution assets.

USAA, the financial services company that caters to U.S. Armed Forces and State Department personnel and their families, wants to launch active exchange traded funds

American Century Investments has named Joseph Schultz head of intermediary sales, responsible for the firm’s field and internal sales businesses, including wirehouses, regional and independent advisors, registered investment advisors, insurance company advisors and broker-dealer key account management.

Bruce Karpati, chief of the Securities and Exchange Commission’s enforcement division's asset management unit, has a few choice words for hedge funds looking to get into the mutual fund space.

For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data from Lipper.

Total money market mutual fund assets increased by $28.39 billion to $2.665 trillion for the week ended Wednesday, December 26, according to data from the Investment Company Institute.

Total estimated outflows from long-term mutual funds were $4.49 billion for the week ended Wednesday, December 19, according to data from the Investment Company Institute.

Goldman Sachs Asset Management is currently prepping an alternative mutual multi-manager fund to launch in 2013.

Base salaries for hedge fund and mutual fund managers are projected to increase 3.5% and incentive pay is projected to rise by 0-10% from 2011 to 2012, according to a new study from Greenwich Associates and Johnson Associates.

ALPS last week unveiled its exchange-traded fund joint venture with Goldman Sachs in the form of four new ETFs.

So what are three elements that are going to shape the mutual fund landscape in 2013? The answer lies in regulation, exchange-traded funds and operational outsourcing, according to a report from Deloitte.

The combined assets of the nation’s exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

Target-date funds are slowly inching their way into 401(k) plan participants’ portfolios.

"We are likely to end 2012 with a record level of assets'' in exchange-traded funds and other exchange-traded products, said Deborah Fuhr, Managing Partner at ETFGI, the London consulting firm that compiles the numbers. This should also reflect "a record level of net new assets invested into the products during the year.''

Belinda Sherman has been promoted to president of The Huntington Investment Company, reporting to Steven Short, director of Huntington Wealth Advisors.

Americans held $5 trillion in all employer-based DC retirement plans on September 30, of which $3.5 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

Invesco PowerShares Capital Management said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

Asset managers are largely using social media to promote their brands, according to the latest research from Cerulli Associates.