Money Management Executive Latest News

Global assets invested in exchange-traded funds and exchange-traded products reached a record $1.76 trillion through the end of August 2012.

Can it possibly be? Technology stocks are paying the most dividends?

The pullout from domestic stock funds continued last week, to the tune of $3.7 billion. But bond funds got another big influx.

Keith Bernard, former Senior Vice President, Marketing and Sales, at Pax World Management, has left the firm, Money Management Executive has learned.

A long-time Vanguard portfolio manager is calling it quits after some 38 years in the business.

Neuberger Berman Group has appointed Brendan Gill as a senior vice president and head of national accounts in the firm’s Advisor Solutions Group, effective Aug. 30.

Chicago-based Thomas White Funds has launched three new classes of shares for two of its no-load, foreign equity funds—its flagship Thomas White International Fund (TWWDX) and the Thomas White Emerging Markets Fund (TWEMX).

In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.

Multi-manager shop Virtus Investment Partners has added Rampart Investment Management, which specializes in customized options strategies for institutional and high-net-worth clients, as a wholly owned affiliate of Virtus.