Money Management Executive Latest News

Equity funds experienced inflows of $3.04 billion in December, after inflows of $15.30 billion during the previous month, the Investment Company Institute reported today. That brings total net flows into equity funds in 2001 to just $32.25 billion, compared to 2000 when more than $309 billion was poured into stock funds, a decline of nearly 90%.

AIM Distributors has been named by nearly 2,500 top financial service marketing managers as their favorite product provider, according to the results of a survey issued by Dalbar, a fund consulting business in Boston.

Houston-based Capstone Asset Management Co. said today that it will offer a mutual fund that invests solely in companies that provide employee stock options.

WASHINGTON — In the wake of President Bush’s State of the Union address on Tuesday night — and of the Democratic response that followed it — pension reform, improved accounting standards, and increased disclosure requirements are all looking like live issues in the near term.

The Vanguard Group has launched a redesigned Web site in an effort to make it easier for its investors to make their own investment decisions and manage their own investment portfolios, the company announced today.

Dow Jones & Co. and the New York Stock Exchange have agreed to work together to assemble new indexes which will be used to develop exchange-traded funds, according to a report appearing in the Wall Street Journal.

INVESCO Funds Group has made 17 of its funds available through DailyAccess.com, an online retirement plan provider. DailyAccess’ retirement platform includes record keeping, administration and compliance, trading, custody, sales support and customer service.

Eaton Vance Corp. is gunning for separate account assets.

Neuberger Berman reported that its net revenues dropped 3.8% in the fourth quarter to $151.6 million from $157.5 million for the same period in 2000.

Robert Tousignant, a former Phoenix Investment Partners and Fidelity Investments executive, has been hired by Federated Investors to lead the firm’s efforts to expand it’s managed account sales.