Portfolio

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.

U.S. Wealth Management, an independent network of wealth managers, has added two financial advisory practices to its platform, expanding its total recruited advisory and brokerage client assets.

T. Rowe Price is expanding its lineup of target-date funds.

Assets held in exchange-traded funds rose in April by $22.39 billion to $1.469 trillion, according to the Investment Company Institute.

Endurance Series Trust, a newly-formed multi-series trust, is launching its first mutual fund via Tampa-based Gator Capital Management, the fund’s advisor.

Flows into tax-exempt money market funds continued to see-saw this week as $906.5 million arrived in the week ended May 20, according to The Money Fund Report, a service of iMoneyNet.com.

An Iowa man was sentenced to 37 years in the clink for mailing bombs and threatening letters to mutual fund managers at Janus Capital Group and American Century Cos. in a bid to influence stock prices.

Franklin Templeton Investments is closing its Frontier Markets Fund to new investors on June 28, Money Management Executive has learned.

Annuity providers generated $51.7 billion in sales in the first quarter, down 6% from a year earlier.

While it’s very convenient to help clients access China though companies listed on U.S. exchanges through reverse mergers, is it safe?