Money Management Executive Latest News

Fiduciary Analytics, a Sewickley, Pa.-based research company, is taking a different tack than Morningstar of Chicago in evaluating investment company fiduciary capabilities. Fiduciary Analytics' fiduciary rankings are based on quantitative measures. By contrast, Morningstar's ratings are primarily qualitative.

The money market fund industry shed $3.01 billion of assets during the one-week period ending Wednesday and settled at $825.62 billion last week, Associated Press reports.

Soon to retire Sen. Peter Fitzgerald (R-Ill.) Thursday applauded the efforts of federal securities regulators for their continuing efforts to enact a series of mutual fund reforms that benefit individual investors.

Mutual funds that invest directly in commodities are receiving a lift from some investors who view the sagging U.S. dollar as a signal to diversify out of equity holdings, The Wall Street Journal reports.

Domestic stock funds rallied in November to post their best month this year, Investor’s Business Daily reports.

Assets held in exchange-traded funds grew 5% in October, according to data released by the Investment Company Institute Wednesday.

Just because a fund has an independent chairman does not mean it will charge lower fees or be more inclined than a management-run fund to comply with the law. That’s the finding of two finance professors at the Columbia College of Business at the University of Missouri, after studying 448 fund families, Newswise reports.

October provided another opportunity for the seemingly unstoppable American Funds to top researchers’ monthly lists tracking net new inflows into large mutual fund providers, Reuters reports.

The Securities and Exchange Commission and the U.S. Chamber of Commerce are at loggerheads over the growing debate surrounding new regulations requiring mutual fund boards to name independent directors and chairmen.

Closed-end funds are facing unexpected levels of competition from the fast-growing exchange-traded fund industry, not to mention the growing likelihood of an actively managed ETF appearing within the next few years, The Wall Street Journal reports.