Portfolio

Sy Sacks is on a crusade. He believes the costs of putting together and operating a mutual fund aren't being shared equally. And he wants to do something about it.

Sy Sacks is on a crusade.

The Dow Jones Industrial Average trimmed 2.65 points to finish at 13,073.01 Monday while the Nasdaq and S&P 500 clipped 12.25 points and 0.67 points, respectively. Here are some more details from Monday's trading session: Dow Jones Industrial Average: Today's drop snaps a three-day winning streak. An intraday high of 13128.64 occurred at 10:25:56 today, representing an increase of 52.98 points, or 0.41%. An intraday low of 13042.85 occurred at 12:16:55 today, representing a decrease of 32.81 points, or 0.25%. Thirteen…

Mirae Asset Global Investments has appointed Howard Atkinson as the Global Head of ETF Sales and Marketing. Atkinson is currently the president of Horizons ETFs Management (Canada) Inc., a subsidiary of MAGI.

On July 30, 2012, Investment consulting shop Segal Rogerscasey today unveiled a new website, which hosts merged and updated content from the legacy firms (Segal Advisors acquired the business of Rogerscasey earlier this year).

On July 30, 2012, Consulting shop Callan Associates is making its Callan Target Date Index publicly available to defined contribution plan sponsors, target date managers and plan participants via an interactive tool, which evaluates how their target date fund performed against all others in the glidepath universe.

On July 30, 2012, Fort Lauderdale, Fl.-based Hansberger Global Investors, Inc. has pulled the plug on its Emerging Markets Fund, according to a Securities and Exchange Commission filing.

The combined assets of the nation’s mutual funds increased by $208.5 billion, or 1.7%, to $12.171 trillion in June, according to data from the Investment Company Institute.

On July 30, 2012,Chicago-based RiverNorth Capital Management is prepping the launch of another open-end mutual fund, the Dynamic Buy-Write Fund.

In a review of the mutual fund and ETF market, Cerulli gave a few reasons for the value funds reaching these heights, but also cited a few caution signs for advisors to note.