Money Management Executive Latest News

The mutual fund scandal and recently volatile market conditions have failed to halt the industry’s continued runaway growth this quarter.

The buy side is again bestowing buy ratings on mutual fund companies

The Principal is a bit late to the party but its financial adviser marketing and portfolio management systems are finally here

In what could be a blow to the New York Stock Exchange, the Investment Company Institute is expected to say yes to a Securities and Exchange Commission proposal to alter a longstanding trade rule, Financial Times reports.

Standard & Poor's introduced Monday the separately managed account (SMA) Evaluator, a joint venture with tech company Prima Capital that will act similarly to S&P’s mutual fund research tools.

Earlier this month, when the Money Management Institute added Tokyo-based Nikko Cordial Advisors as its first international member, the organization said it hoped the foreign companies would keep joining. Less than a month later, Toronto’s First Asset Advisory Services assured that the MMI’s hopes were realized.

As its fourth fund, Houston-based Commonwealth International Series Trust added a real estate fund earlier this year in order to take advantage of a recently red-hot sector.

If scandalous companies do not receive harsh and quick punishments, they could collectively drill a gaping hole in everything that is good with the U.S. free market system, Federal Reserve Chairman Alan Greenspan said last week.

The $675 million price tag agreed to by new partners Bank of America and FleetBoston to settle charges in the mutual fund scandal was extremely high, but the companies agreed that expeditious handling of the charges were paramount to closing their merger, a vice chairman of BoA said in a recent CNBC interview.

Shareholders of taxable equity funds are losing almost a quarter of potential returns because of taxes, according to a recent research study.