Money Management Executive Latest News

China’s mutual funds rose 12% or more across a range of categories in August, with domestic equity funds up 17%, Reuters reports.

The Securities and Exchange Commission is doing a better job of communicating with the mutual fund industry, according to a report from the Government Accountability Office.

Charles Schwab is enhancing its college planning website in observance with National College Savings Month.

Value stock mutual funds are showing some opportunities in the market, according to The Wall Street Journal.

For all of the talk about 401(k) plans rushing to include exchange-traded funds in their lineup, few sponsors are making the move, The Wall Street Journal reports.

With Fidelity Chairman and CEO Edward “Ned” Johnson remaining quiet about who is next in line to take over when the 77-year-old finally retires, industry watchers say his deafening silence is hurting the company’s ability to recruit top talent, Fortune reports.

Although lifecycle funds have grown tremendously in popularity and are being sold to investors as a sure retirement income solution, they and other formulaic asset allocation funds—such as balanced funds, managed accounts or funds that use Monte Carlo simulation—may not live up to their promise, according to a report from the Compass Institute.

T. Rowe Price recently launched an international fund that will focus on the emerging markets of Africa and the Middle East.

Charles Schwab has launched a new website dedicated to young people in their 20s and 30s to educate them about investing. The website, www.schwab.com/moneyandmore, aims to teach members of generation Y to save, how to invest and the importance of saving for retirement early on.

Fidelity Investments and Sungard have added new services to their popular Integrated Trading and Custody Platform. The new services include a directed trustee services program; a payment and reporting system for brokers serving retirement plans; and an Internet-based service to help third-party 401(k) administrators meet the retirement planning needs of their clients.