Money Management Executive Latest News

Historically, U.S. investors have been known to be rather skittish when it comes to risky investments such as commodities and international, small-cap and aggressive stocks. However, recently they have been bullish when it comes to these asset classes, according to The Wall Street Journal.

Richard C. Casey, a Manhattan federal judge, has denied a motion to dismiss any allegations in regards to two Citigroup executives - CEO Thomas W. Jones, and treasurer/CFO Lewis E. Daidone - who allegedly cheated customers out of millions of dollars in savings that a transfer agent affiliate of the firm's Smith Barney funds created, Dow Jones reports.

AARP Financial is now offering three index funds specifically designed for investors age 50 or older with a mid- to long-term time frame. AARP's first offerings since it severed its 21-year-relationship with Scudder Investments in December, the funds will invest between 25% and 75% of assets in stock index funds.

CitiStreet is offering immediate annuities from eight leading companies to retiring participants in its defined contribution retirement plans.

Nasdaq and First Trust Advisors have teamed up to launch two new exchange-traded funds, both tied to the performance of Nasdaq indexes.

Artisan Partners has hired a new investment team to run an emerging markets mutual fund that will be registered with the Securities and Exchange Commission in the coming weeks. The team will also manage some separate account business, officials at the Milwaukee-based shop said.

Fidelity-owned National Financial has launched three new services to assist broker/dealers.

The small business retirement plan market is red hot, according to a new report from Corporate Insight, and the opportunities for mutual funds are expansive.

Although oil prices are nearing record highs, mutual fund managers appear confident that they will go even higher as the summer driving season approaches.

Index-oriented ProFund Advisors has added four new international equity funds.