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The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary document, or "roadmap," of all their fees for employers.
February 2 -
Investors displayed faith in all types of mutual funds for the week ended Wednesday, January 25, adding a total of $11.6 billion to equity, bond and hybrid funds, according to statistics released Wednesday by the Investment Company Institute.
February 1
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Franklin Resources a global investment management organization operating as Franklin Templeton Investments ended the year with total assets under management of $670.3 billion, up $10.4 billion or 2% during the quarter.
February 1 -
An investment research and consulting company said it is releasing a suite of software tools for analyzing mutual funds based on the three-factor model of University of Chicago finance professor Eugene Fama and Dartmouth College professor Kenneth French.
February 1 -
Antitrust regulators in Europe stopped the merger of Deutsche Boerse and NYSE Euronext on Wednesday, saying the combined group would have a stranglehold on the listed European futures market and would thwart new entrants.
February 1 -
NYSE Euronext said it would focus on its standalone strategy, while Deutsche Boerse declared this a black day after the European Commission prohibited the merger of the two exchange operators.
February 1 -
The 10-year outlook for the global stock market is likely to be attractive despite elevated market volatility, below-average growth projections and short-term interest rates around 0% in the U.S., according to the latest research from mutual fund manager Vanguard.
January 31 -
Investment Guidance Solutions introduced a software tool for mutual fund investing, that gives buy or sell signals based on whether it is better to be invested in a specific fund or in cash.
January 31 -
Bennett Group Financial Services (BGFS) announced the launch of four mutual funds currently consisting of A shares available through financial professionals, banks, brokerages and insurance companies for their clients. The new additions are the Bennett Conservative Fund; Bennett Moderate Fund; Bennett Growth Fund; and Bennett Aggressive Growth Fund.
January 31 -
Fidelity Investments Institutional Services has been rebranded as Fidelity Financial Advisor Solutions. Lynne A. Goldman, its senior vice president for investment product management and development, talked with MME about how the business helps advisers help investors.
January 31
