Money Management Executive Latest News

Expense ratios on long-term mutual funds that invested in stocks dropped two basis points in 2012, according to the Investment Company Institute. Expense ratios dropped one basis point on bond funds.

Bruce Dirks, former portfolio manager at Fidelity Management & Research Company, has agreed to join ViaSat, a provider of mobile satellite network services, as chief financial officer.

Asset management firms with pro-defined contribution viewpoints may want to think twice about asking public sector defined benefit plans for contributions to their funds.

Nuveen Asset Management is making a sub-advisory change to the Nuveen Multi-Manager Large-Cap Value Fund (NNGAX).

iShares has launched four iSharesBonds Corporate ex-Financials Term exchange-traded funds.

As a financial advisor to numerous types of clients, including recent retirees, I often think deeply about the issues my clients face in this market environment.

Longleaf Partners is flipping the placard on its Global Fund from “Closed” to “Open”. The fund originally launched on December 31, 2012.

U.S. mutual funds and exchange-traded funds, excluding money-market funds, pulled $6.5 billion in net inflows in the week ended April 17, according to Lipper.

Total money market mutual fund assets dropped by $27.47 billion to $2.595 trillion for the week ended Wednesday, April 17, according to the Investment Company Institute.

BlackRock said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.