Money Management Executive Latest News

The mutual fund scandal has created some refreshing instances of transparency, and the latest one, The Wall Street Journal reports, involves the deals that brokerage firms make with mutual fund companies.

American Century Investments is beefing up its investment lineup this week with five new funds-of-funds designed for conservative investors, the Kansas City Business Journal reports.

American Express Financial Advisors launched an advertising campaign this week targeting mass-affluent investors for its financial advisory services.

J.P. Morgan Chase and Lehman Brothers Holdings were charged this week in a class-action lawsuit for helping Canary Capital Partners, a New York-based hedge fund, engage in trading violations that harmed long-term shareholders, The Wall Street Journal reports.

Senator Peter Fitzgerald on Thursday called on Congress to "eliminate or sharply reduce" the layer of fees added onto 529 college savings plans by state governments because they undermine the tax advantage that product offers to investors.

Net contributions into mutual funds shrank to a paltry $1.09 in August after nervous investors withdrew $1.21 billion from stock funds during the same period, Investor's Business Daily reports.

The lion’s share of Middle Americans have not prepared for retirement income, according to a survey from ING US Financial Services.

Money managers express positive feelings on the likelihood that stocks will outperform bonds in the year ahead, according to a third-quarter study from Russell Investment Group released this week.

At its annual meeting this week, Canada’s top mutual fund trade organization will talk about the toughest topic in the industry – trading abuses – The Toronto Star reports.

Vanguard has announced additions to its tax-friendly family of Viper exchange-traded funds, bringing the total number to 20.