Money Management Executive Latest News

Twenty years ago, there was one exchange-traded fund. Last year, 178 new ETFs were created. This year, 28 have been rolled out. The total number of ETFs listed in the United States now: 1,441, according to Lipper.

ALPS is launching what it says is the first of its kind variable annuity product. The ALPS|Alerian Energy Infrastructure Portfolio delivers energy infrastructure and MLP-focused investments to the variable annuity market.

A new Franklin Templeton survey found that globally investors are optimistic about 2013, but are still wary of the potential for risk.

U.S. securities regulators are reviewing a proposal that would require the riskiest money-market mutual funds to adopt a floating share price, according to a person familiar with the matter.

Fidelity Investments has rolled out a target volatility strategy, the Fidelity VIP Target Volatility Portfolio. The portfolio seeks to manage total return volatility within a target range.

Bruce Karpati, the former national chief enforcement officer of the SEC's asset management unit, has been named chief compliance officer for Prudential Investments.

TIAA-CREF has appointed Robert Leary as executive vice president and president of TIAA-CREF Asset Management, effective June 24, 2013.

Legg Mason filed with the SEC yesterday to launch the Western Asset Ultra Short Obligations Fund, which will be sub-advised by its subsidiary, Western Asset Management Company,

WisdomTree filed with the SEC yesterday to register the S&P 500 Managed Distribution Fund. The fund will track the price and yield performance, before fees and expenses, of the S&P 500 Managed Distribution Index.

Income, safety and international. Those are the key words when it comes to describing the most popular mutual fund categories.