Money Management Executive Latest News

Americans overall aren’t saving enough for retirement, and as a group, women especially seem not to be prepared. Only 8% of women workers believe that they’re building a large enough retirement fund for themselves, according to the Transamerica Center for Retirement Studies.

The number of listed exchange-traded funds grew 20.6% in 2011 and the number of listed exchange-traded notes grew 53.8%, according to U.S. figures developed by the Exchange-Traded Fund Association.

Financial services industry groups are ready and willing to help the Labor Department do a formal study of the potential impact of a redefinition of fiduciary responsibility, according to a new letter several trade organizations wrote to the department.

WASHINGTON-In technical terms, Congress handed regulators the baton a while ago to implement a crackdown on proprietary trading.

The world's largest asset management firm will be the first to list securities on a BATS Global Markets electronic venue that now competes for listings on the New York Stock Exchange and Nasdaq Stock Market. BlackRock will list eight single-country ETFs with BATS. Based on MSCI Indexes, the ETFs will cover: Australia, Canada, Finland, Germany, India, Norway and the U.K. The Norway fund will start trading Jan. 24 and the other funds soon after.

The Securities and Exchange Commission last week warned publicly traded banks to be more thorough and consistent in disclosing their exposure to European sovereign debt.

James King, senior vice president and head of Prudential Retirement's Stable Value Market Group, has been elected chairman of the board of the Stable Value Investment Association. He began his term Jan. 1.

With yield and risk investors' two biggest concerns today, Nuveen Investments has launched a microsite focusing exclusively on income (http://www.nuveen.com/income/default.aspx).

Drum roll, please.

With deadlines bearing down for certain federally registered investment advisors to transition to state regulation, advisors have a host of concerns and questions, experts say.