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Its no secret that the Investment Company Institute is opposed to proposals by the Securities and Exchange Commission to float the net asset value of money market funds and ICI President and CEO Paul Stevens today reiterated the groups stance on the SECs proposal.
June 19 -
Investors pulled $13.34 billion from mutual funds for the week ended Wednesday, June 12, according to data from the Investment Company Institute.
June 19 -
Paul Jablansky, the head of structured products at fixed-income manager Western Asset Management Co., has left the unit of Legg Mason.
June 19 -
Global asset managers are looking to get their investment data management house in order, according to a study released by DST Global Solutions.
June 19 -
Leawood, Ka.-based Montage Investments has been busy lately adding more sales executives, assets and a new mutual fund to boot.
June 18 -
In May, stock and bond mutual funds, including exchange-traded funds attracted $56 billion of net inflows bringing total net intake for the first five months to about $350 billion, according to data from Strategic Insight.
June 18 -
At the fund family level, Vanguard Group once again led all providers with more than $11 billion in flows, according to data from Morningstar.
June 18 -
DCIO shops are converging this week in New York to showcase their wares and portfolio managers to advisors.
June 18 -
The United Services Automobile Association, first created as a means for army officers to insure their automobiles more than 91-years ago, has been taking a number of steps into retirement plan portfolios.
June 18 -
Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.
June 17