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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 -
June arrived on a positive note for tax-exempt money market funds, which accumulated $1.19 billion in new cash while total net assets rose to $273.64 billion in the week ended June 4, according to the Money Fund Report, a service of iMoneyNet.com.
June 8 -
The tax-exempt market may have experienced a sizable backup in yields on the week, but muni bond mutual funds still saw robust inflows.
June 8 -
On June 7, 2012, Apple is creating a lot of buzz in the retirement and exchange-traded product space and not because of a new product launch.
June 7 -
On June 7, 2012, Denver-based Curian Capital, LLC added of four new executives to the product development and asset management teams.
June 7 -
On June 7, 2012, Novato, CA-based Hennessy Advisors, Inc. signed an agreement with FBR Fund Advisers, Inc. to buy the entire family of 10 FBR Funds.
June 7 -
A majority of advisors surveyed are willing to recommend sustainable investments, formerly known as socially responsible investments, making the potential markets as big as $650 billion, according to a survey by the Calvert Foundation.
June 7 -
On June 7, 2012, Boston-based Fred Alger & Company, Inc. ramped up its sales force with two new additions.
June 7