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Chicago-based Dearborn Partners has launched its first mutual fund, dubbed the Dearborn Partners Rising Dividend Fund (DRDAX, DRDCX and DRDIX).
April 10 -
Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.
April 10 -
Putnam Investments has added three new DCIO Investment Specialists to bolster its sales effort in the 401(k) market.
April 10 -
Russell Investments has appointed Andrew Scherer as director of defined contribution, intermediary distribution for the firms U.S. advisor-sold business, which sells mutual funds and other multi-asset products to DC recordkeeping platforms, retirement plan sponsors and retirement plan advisors.
April 10 -
The suitability of leveraged and inverse exchange-traded funds climbed on FINRAs Enforcement hit list in 2012, according to Partners Deborah Heilizer and Brian Rubin and Associate Andrew McCormick of law firm Sutherland Asbill & Brennans, in their annual review of the regulatory agencys disciplinary actions.
April 10 -
300 North Capital has added its global macro strategy in the Altegris Macro Strategy Fund.
April 10 -
Pimcos 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.
April 10 -
The Board of Trustees of Dreyfus Stock Funds is putting the brakes on a planned reorganization of the $114 million Dreyfus Small Cap Equity Fund.
April 9 -
OppenheimerFunds has named Mark Hamilton chief investment officer, Asset Allocation, effective April 8.
April 9 -
Virtus Investment Partners reported a 56% organic growth rate in net flows for long-term, open-end mutual funds in Q1 2013.
April 9