Money Management Executive Latest News

Within the past month, a number of mutual fund shops have embarked on branding campaigns. The reason being to either distance themselves from past relationships and/or embark on new marketing schemes to separate themselves from their peers.

Access Data Corp., a subsidiary ofBroadridge Financial Solutions, is looking to further its reach into the retirement market as well as expand on its current partnerships.

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.

Delaware Investments’ Optimum Large Cap Growth Fund (OCLGX ) is dropping Marsico Capital Management, as a sub-adviser to the fund on June 19, according to a regulatory filing.

Delaware Investments has added Steven Landis as an emerging markets debt portfolio manager to the firm’s total return fixed income group. Landis comes to Delaware Investments from FH International Asset Management, where he was a PM for emerging markets debt strategies.

The U.S. exchange-traded funds market is primed to double up on its current $1.5 trillion in assets to the tune of more than $3.5 trillion in assets over the next five years, according to iShares’ latest forecast.

The Securities and Exchange Commission has settled an enforcement proceeding against eight former directors of five Morgan Keegan open- and closed-end funds that were heavily invested in securities backed by subprime mortgages.

Franklin Resources yesterday announced that Charles Johnson will retire as chairman of the board and director, effective June 13. In his stead, the firm's board of directors approved the appointment of his son, Gregory Johnson, as chairman and he will continue in his roles as president and chief executive officer.

The Depository Trust & Clearing Corporation’s Wealth Management Services division this week rolled out a shinier version of its Mutual Fund Profile Service II, DTCC’s repository of databases allowing funds, broker/dealers and other distribution firms to automate and streamline the exchange of information regarding securities, participants and distributions.

Total money market mutual fund assets increased by $1.02 billion to $2.612 trillion for the week ended Wednesday, June 12, according to the Investment Company Institute.