Portfolio

Ever wonder how a Morningstar analyst develops a mutual fund rating? The process can take as long as six weeks and involves a littany of questions about people, process, parent, performance and price.

Ever wonder how a Morningstar analyst develops a mutual fund rating?

The Dow Jones Industrial Average lost 12.94 points Wednesday to close at 12.824.39 after the Fed said it would extend “Operation Twist,” but offered little else to assuage the concerns of anxious investors.

For the week ended June 13, investors placed an estimated $5.46 billion into virtually all categories of mutual funds, more than compensating for the previous week’s $1.55 billion outflow.

On June 20, 2012, Deutsche Bank concluded its exclusive negotiations with Guggenheim Partners over a potential sale of RREEF, its global alternative asset management business.

On June 20, 2012, Omaha, Nebraska-based Catalyst Funds launched what it touts as “the first legal insider trading mutual fund”.

On June 20, 2012, Callan added John P. Jackson to its Fund Sponsor Consulting group as senior vice president, effective June 18.

On June 20, 2012, if money market mutual funds shift to a floating net asset value, impose redemption holdbacks or seek additional reserve capital through fees, corporations say they would stop investing in these vehicles and most likely reduce or fully liquidate their holdings, according to data released today by the Association for Financial Professionals.

On June 20, 2012, Prudential Financial, Inc. unveiled several key leadership appointments in the U.S. and Japan, effective immediately.

J.P. Morgan Asset Management has launched a multi-asset unit headed by Seth Bernstein, who will oversee the new effort as Global Head of Asset Management Solutions, reporting to Mary Erdoes, CEO of J.P. Morgan Asset Management, according to an internal memo.