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Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world's best-known bond investor and adding pressure on its rising stars to live up to his legacy.
April 26 -
Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.
April 26 -
The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.
April 26 -
Mutual funds and exchange-traded funds ETFs saw redemptions of $7.0 billion the week ended April 24.
April 26 -
Fidelity Investments has rolled out a Windows Phone 8 brokerage app for Windows Phone users to help them manage their investments on the go.
April 25 -
Total money market mutual fund assets dropped by $1.87 billion to $2.593 trillion for the week ended Wednesday, April 24, according to the Investment Company Institute.
April 25 -
Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.
April 25 -
A former Canadian mutual fund salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients assets valued at some $12 million, the Globe and Mail reports.
April 25 -
The Wilmington Multi-Manager International Fund (GVIEX) has one less sub-advisor as of April 24.
April 25 -
401(k) plan participants paid less in mutual fund fees than the average investor industry last year, according to the Investment Company Institutes latest report on the retirement space.
April 25