Money Management Executive Latest News

Driven by 401(k) contributions and the increasing popularity of exchange-traded funds, stock sales of major mutual fund companies have significantly outpaced those of more traditional stocks and bonds, according to a report from USA Today.

Lawmakers in Washington this week are expected to tackle a key piece of pension reform legislation, known as the Pension Protection Act of 2005, which could significantly impact the financial services industry.

NEW YORK - Globalization will continue to offer opportunities for investors, fund managers and American multinational corporations next year, according to a panel of money managers who offered their outlook for 2006 at a Millennium Media Consulting press briefing last week.

The bear market and scandal have left a scar on American investors, as many seem to be following a trend of averting risk - which is understandable considering the amount of wealth that vaporized - and investing in a cluster of conservative funds that have been attracting approximately 50% of the total net flows.

Due to a new requirement for consistent presentation of performance data in broker/dealers' and municipal securities dealers' ads for 529 college savings plans, picking a college plan has just become a little bit easier.

The NASD has launched a streamlined version of its online tool that allows investors to instantly compare the expenses of up to three mutual funds. The brokerage industry regulator hopes the enhancements will address criticisms of the older version.

AllianceBernstein Hires Decker as Vice President

Call it a smart business move with a bit of divine intervention. The financial services arm of the Southern Baptist Convention of Nashville, Tenn., has rebranded its operation, including its $8.5 billion mutual fund complex, under the GuideStone Financial Resources moniker and is reaching out to serve the financial needs of a broader audience of Christian evangelical colleges, schools, hospitals, churches and other organizations.

Investors are placing greater importance on the tax implications of investing and support an extension of tax cuts. However, many are confused when it comes to tax efficiency and have unrealistic expectations about potential gains distributions and, therefore, need advice, according to the findings of the seventh annual "National Investor Survey" by Eaton Vance of Boston. Penn, Schoen & Berland Associates of Washington conducted the survey, polling 408 investors in both qualified and non-qualified plans in the final two weeks of November.

As the deadline for the Security and Exchange Commission's new hedge fund registration rule quickly approaches, many firms are scrambling to determine whether it might be better to take advantage of its loopholes and skirt the costly disclosure document altogether.