Portfolio

Austin, Texas-based Dimensional Fund Advisors has appointed Peng Chen as chief executive officer, Asia (ex-Japan). Chen joined Dimensional on July 1 from, where he served as president of its global investment management division.

Overall, mutual funds and ETFs reported net inflows of $3.2 billion for the week with equity products garnering $10.3 billion—their largest weekly gain since September 14, 2011, according to fund flow data for the week ending July 3, providing by Lipper.

Calamos Investments has created the three-person Calamos Value Equity Team, consisting of active, fundamental value investors Jeff Miller, Ariel Fromer and Tammy Miller.

IndexIQ plans to close the IQ South Korea Small Cap ETF.

Economist Milton Friedman once famously quipped that price deflation can be fought by "dropping money out of a helicopter."

On July 6, 2012, IndexIQ plans to close the IQ South Korea Small Cap ETF (NYSE Arca: SKOR).

The Dow Jones Industrial Average lost 124.20 points Friday to close at 12,772.47 while the Nasdaq and S&P 500 lopped off 38.79 points and 12.90 points, respectively.

On July 6, 2012, The Government Pension Investment Fund of Japan, which is the world's largest public pension fund managing over 113 trillion yen, generated 2.32% return in the latest fiscal year.

Calamos-Equity-Value

On July 6, 2012, Overall, mutual funds and ETFs reported net inflows of $3.2 billion for the week with equity products garnering $10.3 billion—their largest weekly gain since September 14, 2011, according to fund flow data for the week ending July 3, providing by Lipper.