Money Management Executive Latest News

Readers of technology magazines are now likely to find mutual fund ads interspersed with articles on relational databases and Internet protocol telephony.

Competition normally eats into market share, but several bank-owned fund operations in Canada are hoping it will do exactly the opposite. They have introduced third-party funds to their retail branch networks, where traditionally only the house brand has been available.

There is a new player in the socially-responsible mutual fund arena. Friends Ivory & Sime, best known as an institutional global money manager based in London, has launched two new no-load socially responsible funds.

TD Waterhouse and WeMedia, both of New York, have announced a partnership that will allow the brokerage firm to exclusively provide financial products to the users of WeMedia's website which is designed for people with disabilities.

To crack the mutual fund market in Europe, you need to be a bank robber, of sorts.

A former employee of Dalbar, a mutual fund consulting and research firm based in Boston, has filed a complaint against the firm, its CEO and four of its officers, charging sexual harassment.

MIAMI - The SEC is giving some hints about the fund companies it may examine as part of its special inspection sweep of selected mutual fund companies on their advertising practices.

T. Rowe Price of Baltimore, Md. recently filed with the SEC to offer a new class of shares in an effort to improve distribution of ten funds to variable annuities, defined contribution plans and wrap programs, according to a company spokesperson. The new shares will include a 12b-1 fee of 25 basis points.

The Securities and Exchange Commission voted Feb. 16 to seek comments over the next three months on how to structure international accounting standards that would make it easier to sell mutual funds and securities worldwide.

Politicians have received $1.8 million in donations from major securities firms and at least 16 mutual fund management companies so far during the 1999-2000 election year, according to data from the Center for Responsive Politics, a non-partisan, non-profit research group in Washington, D.C.