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On May 24, 2012, Vanguard announced it is closing its High-Yield Corporate Fund to most new accounts, effectively immediately.
May 24 -
On May 24, Loomis, Sayles & Company hired Rowland Chip Bankes as its Head of Trading.
May 24 -
On May 24, 2012, iShares coined a new term for ETF users.
May 24 -
On May 24, 2012, Copeland Capital Management hired Erik B. Granade as Head of International Equities.
May 24 -
On May 24, 2012, ICI reports that ETFs lost $6 billion in April.
May 24 -
On May 24, 2012, ICI reports that Total estimated inflows to long-term mutual funds were $3.90 billion for the week ended Wednesday, May 16.
May 24 -
On May 24, 2012, AdvisorShares has partnered with explorer, social entrepreneur and environmental advocate Philippe Cousteau, Jr. to launch AdvisorShares Global Echo ETF (NYSE: GIVE), an active, multi-manager socially responsible fund.
May 24 -
On May 23, 2012, Vanguard announced fee reductions for 34 funds.
May 23 -
On may 23, 2012, UBS Investment Bank rolled out a pair of ETRACS Exchange Traded Notes linked to the Dow Jones U.S. Select Dividend IndexSM and the S&P High Yield Dividend Aristocrats Index.
May 23 -
On May 23, 2012, Los Angeles-based Causeway Capital Management LLC has replaced Pzena Investment Management, LLC as subadviser to the Harbor Global Value Fund effective May 25.
May 23