Portfolio

On the heels of the success of its Keeley Small Cap Dividend Value Fund, Keeley Asset Management has launched the Keeley Mid Cap Dividend Fund.

Brown Advisory has launched the Brown Advisory Tactical Bond Fund, a fund focused on total return that, using a quantitative modeling process to track macro movements in bond sectors, will invest in fixed-income products including tax-exempt municipal bonds, corporate bonds, U.S. Treasury bonds, Treasury inflation protected securities and cash equivalents.

Investors have pulled nearly $80 billion this year out of mutual funds that invest in U.S. stocks. That's the tally after investors yanked $5.5 billion from all types of mutual funds in the last week of September.

While the boards of directors of mutual funds are not responsible for managing risk, they still have a key role to play in overseeing investment and operational risks, according to a white paper just released by the Investment Company Institute and Independent Board of Directors.

ProShares has launched the first ETFs in the United States to provide magnified or inverse exposure to VIX futures.

ING’s U.S. retirement division has launched iEnroll, mobile enrollment for 401(k) plans whereby participants can instantly enroll in their workplace retirement plan. iEnroll is available on mobile devices as well as through tablets that on-site ING enrollment specialists will have on hand.

ProShares has launched the first ETFs in the United States to provide magnified or inverse exposure to VIX futures.

Litman Gregory Fund Advisors has launched the Litman Gregory Masters Alternative Strategies Fund, a multi-manager, multi-strategy fund that offers investors diversified exposure to absolute return-oriented strategies.

Russell Investments has launched four additional investment discipline exchange-traded funds, the new offerings focused on small-cap indexes. Russell’s investment discipline indexes take indexing to the next level by aiming to mirror the way equity managers invest.

Brown Advisory has launched the Brown Advisory Tactical Bond Fund, a fund focused on total return that, using a quantitative modeling process to track macro movements in bond sectors, will invest in fixed income—including tax-exempt municipal bonds, corporate bonds, U.S. Treasury bonds, Treasury inflation protected securities and cash equivalents.