Money Management Executive Latest News

Although JPMorgan Chase took in $16.8 billion into its stock and bond funds in the first nine months of this year, making it the fourth best-selling fund house.

The third quarter saw a strong comeback period for open-ended mutual funds, and a stellar one for exchange-traded funds, according to Morningstar.

The House Financial Services Committee began discussions Wednesday on how to strengthen financial services oversight, beginning with moving derivative trading to regulated markets, the Associated Press reports. Earlier, the committee had considered an outright ban, but financial services companies maintained that derivatives are a key hedging strategy.

Improved capital and stock prices are proving that more than small “green shoots” are nudging the economy back to a recovery and setting the stage for IPOs, LBOs and M&As, Blackstone Group CEO Stephen Schwarzman said Wednesday, Reuters reports.

Institutional investors are increasingly optimistic about the markets and the economy, the Bank of America Merrill Lynch found in its October survey of fund managers. In fact, their risk appetite is at the highest point in three years.

Stunned by losses in the financial crisis, Americans will be investing significantly less in the future, according to a new survey by consulting firm AlixPartners.

Vanguard is temporarily closing its top-performing Vanguard Capital Value Fund, a $742 million fund that rose 68.5% year-to-date through the end of September. In that period of time, assets in the fund have more than tripled.

While it’s good news for investors that a majority of mutual fund boards have adopted the best practices advocated by the Investment Company Institute and the Independent Directors Council, some critics believe those suggested practices should be mandatory.

Flows into equity funds have remained flat ever since the market bottomed out on March 9, an indication that investors remain spooked by the market’s sharp decline last year—despite the S&P 500’s year-to-date 59% gain.

Eighty-three percent of the 60 institutional managers that Northern Trust surveyed expect corporate earnings to increase in the third quarter, and 84% expect the world economy to improve.