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Tax-exempt money market funds gave up the inflows they accumulated last week and then some when they lost $1.45 billion and total net assets dropped to $272.20 billion in the week ended June 11, according to the Money Fund Report, a service of iMoneyNet.com.
June 15 -
Municipal bond mutual funds continued their hot streak. As the market saw modest firming on the week, muni bond funds saw inflows for a ninth consecutive week.
June 15 -
The Dow Jones Industrial Average stormed up 155.53 points Thursday to close at 12,651.91 while the Nasdaq and S&P 500 added 17.72 points and 14.22 points, respectively.
June 14 -
Royal Bank of Canada hired Gregory Steele to trade high-yield bonds in the United States.
June 14 -
On June 14, 2012, Los Angeles-based TCW Group said the combined TCW and MetWest mutual fund complex has experienced $4.7 billion in net inflows in 2012.
June 14 -
On June 14, 2012, SunGard today its SunGard Global Network, an automated trade-routing service connecting investors to fund families, has surpassed $400 billion in total fund assets, including mutual funds and money market funds.
June 14 -
For breakaway brokers, looking to grow and succeed in a competitive market can be hard, but according to Mindy Diamond, one of the industry's top recruiters, these firms allow advisors to maintain their independence and remain part of a team.
June 14
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On June 14, 2012, Teaneck, NJ-based Cognizant Technology Solutions Corp, a financial services shop, today issued a press release about a new partnership with ING U.S. to offer a comprehensive array of insurance business process services.
June 14 -
The new annuity products, which are being offered by wealth managers in the firms Advisor Asset Program, come in response to a growing demand among investors for a more guaranteed form of tax-deferred retirement income.
June 14 -
On June 14, 2012, if you think alternative mutual funds are just a fad, then maybe you havent seen the latest offering from PIMCO.
June 14
