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Money market mutual funds gathered $23.82 billion for the week ended Wednesday, July 10, increasing their overall assets to $2.620 trillion, according to the Investment Company Institute.
July 11 -
The Hartford is liquidating its Money Market Fund on September 27, according to the firm.
July 11 -
A majority of asset managers said the Federal Reserves recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.
July 11 -
F-Squared Investments has appointed Paul Gamble as head of F-Squared Retirement Solutions, responsible for F-Squared's customized and private labeled target date strategies and funds, collective trust funds and sub-advisory partnerships in the retirement market.
July 10 -
Nuveen Asset Managements Chief Equity Strategist and Senior Portfolio Manager Bob Doll is taking on a new slate of funds including traditional, specialty, and alternative funds.
July 10 -
iShares has expanded its suite of iSharesBonds with four new corporate term exchange-traded funds, including the iSharesBond 2016 Corporate Term ETF (IBDA), iSharesBond 2018 Corporate Term ETF (IBDB), iSharesBond 2020 Corporate Term ETF (IBDC) and the iSharesBond 2023 Corporate Term ETF (IBDD).
July 10 -
Mutual funds experienced outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.
July 10 -
In June, U.S. exchange-traded fund outflows topped $10 billion, as investors withdrew $6.2 billion from fixed income ETFs and $6 billion from emerging market ETFs, according to State Street Global Advisors latest ETF Snapshot report.
July 10 -
The Deloitte Center for Financial Services has added Lynette DeWitt as a research manager, focused on asset management.
July 10 -
Francis Picarelli has been promoted from vice president to senior vice president at consulting shop Segal RogerCasey.
July 10