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Outflows among tax-exempt money market funds continued to fluctuate in the week ended May 27 as $1.84 billion fled the industry and total net assets settled at $257.43 billion, according to The Money Fund Report, a service of iMoneyNet.com.
May 31 -
The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.
May 31 -
Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.
May 31 -
Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.
May 31 -
Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.
May 31 -
Hartford Funds has named Wellington Management Companys Nanette Abuhoff Jacobson as global investment strategist.
May 31 -
Matthews Asia is closing its Gold-rated Matthews Asia Dividend Fund (MAPIX), which bets on income-paying stocks in the Asia Pacific region, to new investors on June 14.
May 30 -
T. Rowe Price is selling off its subsidiary, T. Rowe Price Savings Bank, to Jacob Safra for some $24 million in cash, the firm revealed today in a filing.
May 30 -
State Street Global Advisors has added two more SPDRs to its lineup: the SPDR S&P Global Dividend ETF (WDIV) and the SPDR Barclays 1-10 Year TIPS ETF (TIPX).
May 30 -
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.
May 30