Money Management Executive Latest News

Stewart Head of EMEA Client Mgt. at BNY Mellon; Franklin Templeton Names Two New Hires; BlackRock Appoints Powers Director/Trustee; Dillon Gage Names Friedman EVP

The two mostly widely held exchange-traded funds are from State Street Global Advisors.

Fidelity Investments did something last week that a decade ago most likely was not imaginable-or feasible.

Custom target date funds are beginning to proliferate at the expense of their off-the-shelf counterparts.

State Street to Develop Actively Managed ETFs; Investors (Again) Lose Faith in U.S. Equity Funds; Citi, Research Affiliates Expanding Bond Indices

Custom target-date funds are beginning to proliferate at the expense of their off-the-shelf counterparts. That's due to plan sponsors wanting to have greater control over what's in a fund and have access to a wider array of investments to put in them.

T. Rowe Price Group reported its fourth quarter 2011 results, including net revenues of $671.6 million, net income of $188.4 million, and diluted earnings per common share of $.73.

Federated Investors reported earnings per EPS of $0.36 for the quarter ended Dec. 31, 2011 as compared to $0.45 for the same quarter last year. Net income was $36.9 million for Q4 2011 compared to $46.4 million for Q4 2010.

Janus reported fourth quarter net income of $35.7 million, or $0.19 per diluted share, compared with net income of $27.4 million, or $0.15 per diluted share, in the third quarter 2011 and net income of $65.9 million, or $0.36 per diluted share, in the fourth quarter 2010.

Invesco issued financial results for the year and three months ended Dec. 31, 2011. "Invesco’s efforts to provide strong, long-term investment performance to our clients contributed to the third year of long-term organic growth." said Martin Flanagan, president and CEO.