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The Dow Jones Industrial Average moved up 93.24 points to close at 12,554.20 Friday while the Nasdaq and S&P 500 gained 27.40 points and 10.67 points, respectively.
June 8 -
On June 8, 2012, Global X Funds filed paperwork with the Securities and Exchange Commission for two more ETFs employing the same investment strategy as its GURU ETF, which debuted this week.
June 8 -
On June 8, 2012, kasina unveiled a new research report looking at how asset management and insurance firms are currently using mobile technologies to interact with their wholesalers and advisors.
June 8 -
On June 8, 2012, PIMCO filed paperwork with the Securities and Exchange Commission for another active exchange-traded offering, dubbed the PIMCO Diversified Income Exchange-Traded Fund.
June 8 -
Ever since the merger between alternative investment shop Ramius and investment bank Cowen Group in November 2009, the two firms have been looking at ways to integrate and grow Ramius' hedge funds, fund of funds, real estate and cash management businesses.
June 8 -
Financial services software giant SunGard has launched a service for international fund processing and distribution, as part of its overall SunGard Global Network Funds service.
June 8 -
Customization has proved to catapult hedge fund of funds into the institutional limelight of late for many small pension and endowment plan sponsors. However, asset size and back office capabilities are still major determinants on whether the inherit fees are worth the worries of commitment to the alternatives vehicle.
June 8 -
On the first day of June, the Dow Jones Industrial Average dropped 1.95%, the Standard & Poor's Index 2.18% and the and Nasdaq Composite Index 2.5%. In effect, stock market gains for the year were wiped out. The reason: Jobs.
June 8 -
On June 8, 2012, mutual funds, ETFs experienced outflows of $8 billion.
June 8 -
With Apple shifting its entire retirement plan portfolio to ETFs, will more follow?
June 8