Portfolio

US exchange-traded fund assets increased by $292.7 billion or 28% in 2012, in part driven by positive cash flows of $182.6 billion, marking a new all-time high for the industry on the eve of its 20th anniversary, according to data from State Street Global Advisors.

Bill McNabb, chief executive officer of the Vanguard Goup, is starting 2013 with a bang.

Et tu, Ned Johnson?

Principal Funds is expanding its sales team with a new position.

During the first full week of fund flows for the new year, investors pumped in $34.2 billion into mutual funds, according to data from Lipper.

International fund of hedge funds Grosvenor Capital Management is taking a stab at the mutual fund space with…an alternative fund of funds.

Net Inflows among tax-exempt money market funds were $6.18 billion in the week ended Jan. 7, according to The Money Fund Report, a service of iMoneyNet.com.

International fund of hedge funds Grosvenor Capital Management is taking a stab at the mutual fund space with…an alternative fund of funds.

Virtus Investment Partners is buying a 24% stake in Kleinwort Benson Investors International, Ltd., a wholly-owned subsidiary of Kleinwort Benson Investors, which provides specialized equity strategies primarily to institutional investors.

Continuing its rapid expansion, CapTrust Financial Advisors, a large Raleigh, S.C. registered that serves private and institutional investors, acquired Freedom One Financial Group. Freedom One provides retirement plan and investment advisory services to companies in emerging markets.