Money Management Executive Latest News

ProFunds Group has introduced the ProShares Short 20+ Year Treasury exchange-traded fund, designed to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index.

Standard and Poor’s released the findings of its mid-year 2009 Standard & Poor’s Index Versus Active Fund Scorecard (SPIVA), showing that for the past five years through June 30, the S&P 500 beat 63% of actively managed large-cap funds.

Van Eck Global has launched the Market Vectors Vietnam exchange-traded fund, linked to the VN-Index, which is up 61% so far this year.

When working with clients to build a portfolio and set a final savings goal before retiring, more financial advisers are concentrating on clients’ goals and asking them not to focus on performance, BusinessWeek reports.

The law offices of Stanley, Mandel & Iola and Wolf, Haldenstein Adler Freeman & Herz are beating the bushes to see if they can wrangle enough retail investors who lose money in leveraged and inverse ETFs to file a class-action lawsuit.

Long-term mutual funds saw strong inflows for the 22nd week in a row, taking in $15.57 billion in the week ended Aug. 12, with the majority of flows, $12.785 billion going to bond funds ($11.84 billion) and hybrid funds ($945 million), the Investment Company Institute said.

Vanguard released findings of the investing behavior and performance of its 401(k) investors in 2008, showing remarkable resilience in the face of steep market declines.

QVC officials have reportedly finished their investigation into whether 200 employees falsified documents to try to take hardship withdrawals from their 401(k)s.

Mutual fund investors overcame gloomy indices in July and put a lot of money into domestic and overseas equity mutual funds, giving them record gains by several measures, according to Lipper’s Fund Flows Insight Report released on Wednesday.

Lincoln Financial Holdings has announced a deal to sell Delaware Management Holdings—which includes subsidiary Delaware Investments—to Macquarie Group.