Money Management Executive Latest News

Direxion Fund’s Commodity Trends Strategy Fund has been benefiting from all this interest in commodities.

Massachusetts Secretary of the Commonwealth William Gavin charged UBS AG's UBS Securities, LLC and UBS Financial Services with fraud and dishonest conduct regarding the firms’ retail sales of auction-rate securities.

Leading mutual fund and exchange-traded fund provider Vanguard has launched the Vanguard Total World Stock Index Fund. This fund is set to track the performance of the FTSE All-World Index, which is a market-capitalized-weighted index serving as a benchmark of about 2,900 stocks throughout 47 countries.

Retirees may need more money than previously expected in order to cover all their health care costs, according to a supplemental study released Thursday by Fidelity Investments.

In light of Legg Mason Inc.’s recent struggles and dropping stock price, the company has slashed the pay of CEO Mark Fetting and its founder Raymond “Chip” Mason, according to The Baltimore Sun.

Barclays Bank PLC has introduced its iPath Global Carbon Exchange Traded Note on the NYSE Arca stock exchange.

Securities and Exchange Commission Chairman Christopher Cox announced this week that the SEC will be conducting an internal inquiry into the structure of its current disclosure system, creating a “fundamental rethinking of financial disclosure.”

When things start to go bad in the stock market or the economy in general, previously ignored things like mutual fund fees can suddenly irk investors.

Plans are currently underway to create a new commodities exchange in Hong Kong, potentially giving China a larger role in setting the world’s petroleum prices and adding to the reputation it craves as a global, economic powerhouse.

Hedge funds have recently increased their investment in aggressive, exchange-traded funds.