Money Management Executive Latest News

Long-term stock and bond mutual funds netted $8.873 billion in inflows in the week ended July 8, the 17th straight week of inflows, the Investment Company Institute said.

Massachusetts Secretary of State William F. Galvin is investigating the sales materials of fund companies that sell leveraged exchange-traded funds, The Boston Globe reports.

The Department of the Treasury is proposing legislation that would require all hedge funds and private capital pools with $30 million or more of assets under management to register with the Securities and Exchange Commission.

Sixty-four percent of the calls going to Financial Finesse, which provides financial counseling to employees, are about debt reduction and budgeting, whereas only 15% of the calls are about investing and retirement planning.

More investment managers expect corporate earnings to increase in the next three months, and a majority expect global gross domestic product growth to accelerate in the next six months, according to a survey conducted by Northern Trust Global Advisors.

Janus announced Tuesday that its chief executive officer, Gary Black, has resigned, and will be replaced with Tim Armour, a director, as acting CEO.

Automatic enrollment into 401(k) plans is having the greatest impact on younger, lower-income workers, Fidelity Investments reported Tuesday.

A full 49% of retirees are insecure about their financial future, up from only 20% who were afraid a year ago, a survey conducted by LIMRA, the Society of Actuaries and the International Foundation for Retirement Education found.

Nomura will acquire a 35% stake in LIC Mutual Fund Asset Management Co., a subsidiary of Life Insurance Corporation of India.

ProShares has introduced the nation’s first 130/30 exchange-traded fund, linked to the Credit Suisse 130/30 Large-Cap Index.