Money Management Executive Latest News

Vanguard filed with the Securities and Exchange Commission to remove the name VIPER from its 24 exchange-traded funds, effective Thursday, The Wall Street Journal reports.

Don Cassidy is retiring from his position as senior research analyst at Lipper, and as of Monday, he will run the nonprofit Retirement Investing Institute from his home. Cassidy, 61, worked for 16 years at Lipper.

With the Fed fund rate now at 5.25%. many experts believe money market funds will soon reach yields of 5%, and when that happens, investors might move assets from equity funds to money market funds, the Orange County Register reports.

Securities and Exchange Commissioner Cynthia Glassman said "it is unfortunate [the SEC] wasted so much time and effort" on the independent chairman and the hedge fund registration rules, only to have them voided by the U.S. Court of Appeals.

MetLife has decided to sell its small and midsize 401(k) business after determining that gaining enough market share to make the business worthwhile would be too costly.

While China's stock market and mutual fund industry have been soaring over the past year, government think-tank State Council Development Research Center is warning that profitability may not be sustained, China Daily reports.

If the commissioners of the Securities and Exchange Commission need proof that the independent chairman rule effects positive change at funds, the independent director of the funds at AIM Investments could attest that it does, The Wall Street Journal reports.

Thrivent Investment Management has introduced a mutual fund that combines all income-producing asset classes. Called the Thrivent Diversified Income Fund, it invests in high yield bonds, investment-grade bonds, dividend-paying stocks, real estate investment trust equities and other securities.

Rather than using lifecycle funds as they are intended - a way to achieve broad diversification and periodic reallocations with the broad stroke of a single investment - many investors are using them as a part of their portfolios, Vanguard found, according to an AP report. Worse yet, some are laddering their investments in multiple lifecycle funds.

While mutual fund and other financial service firms would have the public believe they are heading into disastrous retirements, the Congressional Budget Office recently reviewed 21 reports and concluded that half of Americans will be able to maintain their lifestyles in retirement, 25% will face hardship and the remaining 25% could go either way, The Arizona Republic Reports.