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Barclays Global Investors’ iShares exchange-traded funds group has selected two McCann Worldwide advertising agencies, McCann Erickson and MRM Worldwide, to develop a fully integrated campaign to drive awareness, understanding and use of iShares ETFs among financial advisers and institutional investors.
October 30 - Money Management Executive
Since the financial crisis hit, 77% of women are more worried now about making ends meet, up from 61% in April 2008, according to a survey by AXA Equitable. Eighty-five percent say having a guaranteed source of retirement income for life is highly important, up from 72% who said so in the earlier survey.
October 30 -
Money market fund assets fell by $2.27 billion in the week ended Oct. 21, bringing the total number of assets to $3.37 trillion, the Investment Company Institute said.
October 30 -
No shareholder has won a lawsuit against a mutual fund company on excessive fees since the standard for arms-length negotiations was set by Gartenberg v. Merrill Lynch in 1982, and the Jones v. Harris Associates case scheduled to be heard by the Supreme Court on Monday is not expected to reverse that.
October 30 -
Volatile redemptions from and investments in mutual funds are not just due to market returns but to an entirely different approach investors are taking to fund ownership, according to a new report from ReFlow.
October 29 - Money Management Executive
Long-term equity and bond mutual funds took in $13.84 billion in the week ended Oct. 21, bringing a 32-straight-week run of inflows to a total of $337 billion, the Investment Company Institute said.
October 29 -
Forty-six percent of those leaving a job in 2008 tapped into their 401(k), maintaining an “alarmingly high” rate of people cashing in since 2005, Hewitt Associates said. Sixty-percent of those cashing in were in their 20s, and 33% were in their 50s.
October 29 -
The Senate Special Committee on Aging held a hearing Wednesday to examine the risks and potential conflicts of interest inherent in target-date funds.
October 29 - Money Management Executive
The most urgent needs facing the country are getting the economy moving with private investment and to bring unemployment down so that “everyone who wants a job, has a job,” said U.S. Treasury Secretary Timothy Geithner in a speech Tuesday.
October 28 -
Franklin Resources reported profits for its fiscal fourth quarter ended Sept. 30 rose 22% to $367.4 million, or $1.60 a share, up from $300.5 million, or $1.28 a share, a year ago. That beat analysts’ expectations of earnings of $1.32 a share.
October 28