Money Management Executive Latest News

At Least 288 exchange-traded funds have registered with the Securities and Exchange Commission and are awaiting its approval, The Wall Street Journal reports. If approved, it would boost the 460 or so ETFs currently on the market by more than 60%.

Charles Schwab has launched a fund with a target retirement date of 2050, bringing now to five its total lineup of target-date funds tied to 2010, 2020, 2030, 2040 and 2050. Rounding out the family is the Schwab Managed Retirement Trust Fund—Income.

Although it is only at the very early stage, Barclays is considering acquiring ABN Amro, a person familiar with the talks tells Bloomberg, while The Wall Street Journal says a number of companies, including BNP Paribas and Societe Generale, are looking into acquiring ABN Amro.

The debate over whether hedge funds are market stabilizers or disrupters is about to be put to a new test: the fallout from the subprime loan industry, Bloomberg reports.

Stock and bond mutual funds netted $110 billion in flows in January and February, the largest amount they have ever taken in during the first two months of the year, Strategic Insight reports.

Utah Department of Commerce’s securities division has filed a petition against First Western Advisors, two of its current and two of its former brokers for securities fraud.

Although the market was hammered last week by subprime loans, individual mutual funds aren't likely to have much exposure to the volatile sector. Most sub-prime lenders are small-cap companies, and, as such, funds won't have large amounts of cash invested in them. In addition, most mutual funds are diversified.

What mutual fund investors don't know could hurt them, especially if it's that the manager running their money also operates a hedge fund. Some in the industry believe it's time shareholders be made aware of these potential conflicts of interest.

Eight years ago, cocktail parties were less social occasions and more trial-by-fire for Jim Tracy.

Although Americans are saving more for retirement, they are still falling short of being adequately prepared due to rising healthcare costs, longevity and dwindling pension funds.