Money Management Executive Latest News

San Antonio-based USAA Investments, a provider of mutual funds and insurance products to members of the U.S. military, is currently prepping the USAA Target Retirement 2060 Fund to launch in July 2013.

The MFEA launched a new group within its executive council: the Product Management Council (PMC).

American Century Investments has named former BlackRock/Barclays Global Investors executive Vinod Chandrashekaran senior vice president and director of quantitative research.

Assets of all exchange-traded funds rose in March by $37.54 billion, or 2.7%, to $1.446 trillion, according to the Investment Company Institute.

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.

Alternative mutual funds are hot and signs are pointing to a greater expansion of the growing asset class.

The stars are aligning for Fidelity Investments to start its home-grown family of exchange-traded funds.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

Just like many corporate boards, mutual fund boards have an opportunity to strengthen their operations, and solve some of the challenges they face, by more effectively thinking about the value of diversity.

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, there is more to think about than advisor fee justification and distribution fee compliance.