Money Management Executive Latest News

The Securities and Exchange Commission voted on Wednesday to allow mutual funds to voluntarily join the 40 publicly traded companies currently submitting data to the SEC in interactive extensible business reporting language (XBRL). Fund companies will be able to submit information on their investment strategies, risks, returns and costs in XBRL.

After a day's worth of discussion among industry executives, regulators, academics and investor advocates about the utility and future of 12b-1 fees, one theme emerged: something should be done.

NEW YORK-Including exchange-traded funds in defined contribution platforms isn't just a good idea for plan sponsors, it's darn close to a fiduciary duty, said panelists at a recent ETF summit held here.

Score one for the mutual fund industry.

SEC Judge Dismisses Late-Trading Case Against Former J.B. Oxford Lawyer

American Century Names Lurito Growth Equity CIO

NEW YORK-As unified managed accounts become more well known among investors and financial advisers, firms creating them are faced with questions of what functions to outsource, along with related technology issues and compliance rules, according to panelists at Financial Research Associates' "Unified Managed Account" conference here last week.

NEW YORK-Changes to how small and mid-tier asset managers obtain research may be coming, as soft dollars continue to be scrutinized and execution costs are being unbundled, according to panelists at an AQ conference, "Navigating the Research Marketplace."

MainStay Investments announced Thursday that it has introduced three 130/30 funds, one core, another growth and the third international.

Increased environmental awareness has lead to increased investment options, according to The Wall Street Journal.