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On June 15, 2012, total money market mutual fund assets decreased by $10.68 billion to $2.554 trillion for the week ended Wednesday, June 13, according to the Investment Company Institute.
June 15 -
The Foreign Account Tax Compliance Act (FATCA) is likely to radically alter how asset managers conduct business on a global scale. With final regulations to be issued in July, financial institutions must then take immediate steps to prepare for this game-changing legislation or risk stiff fines.
June 15 -
Mutual funds logged another brutal week, posting a third overall outflow this year, according to the Investment Company Institute.
June 15 -
You're sure you read it right: Apple was to launch an "all-ETF 401(k) plan" for its employees.
June 15 - Money Management Executive
Ever wonder how a Morningstar analyst develops a mutual fund rating?
June 15 - Money Management Executive
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June 15 - Money Management Executive
Want exposure to social media? There's an exchange-traded fund for that. How about airlines, hedge funds and frontier markets? There are ETFs for those too.
June 15 -
On June 15, 2012, the Northern Light Fund Trust and certain members of its current and former trustees as well as an unnamed chief compliance officer received a Wells notice from the U.S. Securities and Exchange Commission.
June 15 -
On June 15, 2012, long-term mutual fund inflows fell to $14.1 billion in May, down from $24.1 billion in April and the smallest haul for the year to date, according to Kevin McDevitt, Editorial Director at Morningstar.
June 15 -
On June 15, 2012, Manulife Financial said that Craig Bromley will be appointed senior executive vice president and general manager, U.S. Division, and president of John Hancock Financial Services, effective September 1.
June 15