Money Management Executive Latest News

To get an idea of what mutual fund advertising may look like in the future, Mutual Fund Market News freelance reporter Lori Pizzani asked several marketing executives their views on the subject. Those interviewed included:

Barclay's Global Investors' introduction of four new exchange-traded funds attracted close to $800 million in assets on their first day of trading on the American Stock Exchange.

The Managers Funds LLC of Norwalk, Conn., will acquire the retail business of Smith Breeden Associates of Chapel Hill, N.C., for an undisclosed amount, said Peter M. Lebovitz, president of Managers. Smith Breeden shareholders are scheduled to vote on the deal in July.

Thirty-four percent of investment management companies share customer data with non-affiliated parties, indicating that investment companies may have to hold these partners up to strict confidentiality standards, according to a survey by KPMG LLP of New York.

The money management affiliate of the Pitcairn Trust Co. of Jenkintown, Pa., has filed a registration statement to offer a lineup of nine mutual funds.

In spite of the extreme volatility in the equity markets in April, net inflows into equity funds were $35 billion to $40 billion for the month, according to preliminary estimates by Strategic Insight of New York.

The Investment Counsel Association of America of Washington D.C., has proposed a code of ethics for investment advisers regarding their contributions to politicians.

Starwood Hotels & Resorts Worldwide will offer frequent guest points to investors who buy ING Mutual Funds.

It might be called the triple crown of regulatory malfeasance.

Sub-advising mutual funds is becoming another form of distribution for firms that can maintain solid investment performance but have limited ability to sell retail funds broadly, a new study suggests.