Money Management Executive Latest News

Although Roth 401(k)s have only been available for the past three months, nearly 8% of workers are electing this option, according to a study of three large defined contribution plans representing 61,000 participants, Hewitt Associates found, according to a report by Dow Jones. And that jumps to a participation rate of nearly 25% when workers are newly enrolling in a 401(k) plan.

With investor demand for dividend income increasing, assets in global real estate investment trusts (REITs) have quadrupled so far this year to $2.52 billion in assets through the end of April, Bloomberg reports.

Dubai has just enacted a collective investment law to provide guidance for mutual funds, hedge funds and private equity funds to put the Dubai International Financial Centre (DIFC) on par with other leading offshore financial centers, including New York, London and Hong Kong, Financial Times reports.

Although large-cap funds have outperformed small-cap funds for three straight months now, investors appear to be wary of moving into them, instead favoring multi-cap funds, The Wall Street Journal reports. The volatility of the stock market, inflation fears and the prospect of slowing economic growth are what has put investors on edge.

Financial advisers are delving a little deeper when it comes to their wealthy clients, The Wall Street Journal reports. Increasingly, much as other industries, including retailing, real estate and pharmaceuticals already do, they are using psychological profiles to find out what makes them tick.

Many fund companies fail to offer asset allocation tools to their investors, according to a report from Corporate Insight.

Many fund companies fail to offer asset allocation tools to their investors, according to a report from Corporate Insight.

Citigroup has swapped its asset management division in exchange for Legg Mason brokers and stock, Bloomberg reports.

Vanguard has extended its Admiral share class to its Emerging Markets Stock Index Fund.

The Russell 3000 annual reconstitution takes effect June 30, and when it does, investors will see a slew of new companies, including 43 new healthcare and biotechnology companies.