Portfolio

Total money market mutual fund assets increased by $2.61 billion to $2.631 trillion for the week ended Wednesday, April 3, according to the Investment Company Institute.

Westwood Holdings Group has launched three funds focused on global and emerging market equities: Westwood Emerging Markets Fund (WWEMX, WWEAX), Westwood Global Equity Fund (WWGEX) and Westwood Global Dividend Fund (WWGDX).

Brown Brothers Harriman & Co. has launched the BBH Global Core Select Fund (BBGNX and BBGRX), a successor to the BBH private investment partnership, BBH Global Funds, LLC – Global Core Select, which launched on April 2, 2012.

For the third consecutive week ended April 3, equity exchange-traded funds experienced net outflows, losing some $800 million, while their conventional mutual fund brethren took in $3.0 billion—for their thirteenth consecutive week of net inflows (bringing their year-to-date total to +$78.9 billion), according to data from Lipper.

Asset managers are constantly looking for new ways to gather assets for their firms.

Nasdaq OMX Group less than a month ago announced plans to re-launch its PSX exchange as a "better trading venue" for exchange-traded funds, notes and other related products.

Muni bond mutual fund flows, which are viewed by many as a proxy for demand, recorded outflows for the week ending April 3, Lipper FMI numbers showed.

Pimco's 13-month-old exchange-traded fund is attracting more cash than the firm’s flagship Total Return mutual fund as investors join Bill Gross in preferring ETFs for bond investing.

Amazon.com is the type of stock that most growth managers have loved the past several years.

Curian Capital has added Gabriel Burstein as head of the Investment Strategy group.