Money Management Executive Latest News

New launches of exchange-traded funds at Vanguard and the hiring of more wholehave created excitement for the products among investors, and that is the primary reason the funds have taken in $15.1 billion in inflows so far this year, compared to flows of $8.6 billion the year prior, Thomas Rampulla, director of sales in the financial advisory business, told Reuters.

Although the sell side in the financial services industry has virtually halted all of its recruiting efforts due to the subprime crisis, the buy side is aggressively hiring, in anticipation of the oncoming wave of retiring Baby Boomers and the increasing internationalization of the markets, according to Russell Reynolds.

AXA Equitable Life’s 800-pound gorilla is flexing his marketing muscles again.

There are rumblings, once again, over the possibility of creating the first actively managed exchange-traded fund.

With New York regulators investigating 30 hedge funds for potential conflicts of interest and insider trading, California attempting to require them to register and the credit markets threatening to wreak havoc on them, hedge fund executives are bracing for a wave of action against them in 2008, The National Law Journal reports.

A U.S. Supreme Court case of a 401(k) investor from Dallas who claimed his employer failed to execute an order, costing him $150,000, may pave the way for lawsuits by individual investors, rather than class-action suits.

Shakeouts at State Street Global Advisors and Bank of America's Columbia Management unit may be just the tip of the iceberg, as repercussions from the credit crunch hit mutual fund staffing levels.

Doomsayers and recession forecasters aside, two recent studies that advocate investments in large-cap growth equities say U.S. economic problems will be largely confined to the housing sector and some parts of the financial arena.

Emerging markets have become the new hot spot for mutual fund companies and investors looking to diversify their portfolios internationally, but analysts say even countries like China may be too correlated to the U.S. economy to escape a global recession-prompting some to look further, to new frontiers.

Forget the hoopla over exchange-traded and emerging markets funds. If there's one new, significant development in the world that the U.S. mutual fund industry should take advantage of through the launch of new funds, it's the increasing worry over global warming.