Money Management Executive Latest News

The Investment Company Institute released a report Tuesday indicating that mutual fund fees are at their lowest levels in 25 years, a result of investors’ increased appetite for low-cost funds and greater competition among mutual funds.

A Securities and Exchange Commission administrative law judge has dismissed charges against Scott G. Monson, the former general counsel for J.B. Oxford, for allegedly enabling late trading. The SEC had charged Monson with approving more than 12,000 late trades in 600 funds between June 2002 and September 2003.

Employers are doing a better job of helping their workers save for their retirement, with 69% permitting new employees to begin contributing to their 401(k) within three months, up from 65% in 2005, sister publication Employee Benefit News reports.

Despite the fact that many women are managing their retirement plans, many brokerage firms fail to offer online educational resources for this target group, according to a new report from Corporate Insight.

BlackRock has added nine lifecycle prepared portfolios to its offerings for investors, designed for use in defined contribution and long-term retirement plans.

Kensington Investment Group is set to launch the Kensington Global Infrastructure Fund, a first-of-its-kind in the U.S. next week. The fund will offer investors exposure to a portfolio of exchange-traded companies providing vital services for the growth and development of communities around the world.

Canada’s Joint Forum of Financial Market Regulators released proposed point-of-sale disclosure rules for mutual funds that would highlight a fund’s performance, risk and cost, Investment Executive reports.

A small news item last week on the launch of a financial literacy course in the Shelby County school district in Tennessee this fall got me thinking about a golden opportunity for individual mutual fund companies or, perhaps, the industry as a whole.

As Baby Boomers begin to retire in the coming years, insurers are scrambling to cash in on their wealth with variable annuities, The Wall Street Journal reports.

Benchmark indexes in India have been hitting new highs, driven by an expanding middle class anxious to invest in stocks, The New York Times reports.