Money Management Executive Latest News

The U.S. News & World Report today named its mutual fund winners for 2012, including a once-fallen star manager and a mutual fund trade group.

The combined assets of the nation’s exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.

Legg Mason Global Asset Management last month teamed up with Brandywine Global Investment Management to launch the Legg Mason BW Global High Yield Fund.

Another former aide to Mary Schapiro takes up a new leadership role at the Securities and Exchange Commission.

Exchange-traded funds have had a banner year, reaching a new peak of $1.7 trillion in assets held, at the end of November.

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

Target-date funds are slowly inching their way into 401(k) plan participants’ portfolios.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

Boston-based MFS capped off its busy year of rebranding and global advertising by completing the move of its corporate headquarters to 111 Huntington Avenue this week.

FlexShares has launched a trio of dividend-focused equity index exchange-traded funds.