Money Management Executive Latest News

In the wake of the financial meltdown of 2008, an increasingly persistent attack on money market mutual funds is underway. Present and former high government officials, academics, and some editorial writers have joined the fray, each offering their own approach for reengineering the money fund industry.

Investors may be fleeing from mutual funds that invest in U.S. stocks for the long haul. But that does not mean they’re fleeing U.S. stock funds.

Fidelity Investments has introduced two new emerging markets funds, the Fidelity Total Emerging Markets Fund and the Fidelity Emerging Markets Discovery Fund. The first fund invests in equities and bonds, the second in small- and mid-cap stocks.

J.P. Morgan Asset Management is proposed a fundamentally different approach to defined contribution plans by stripping down offerings a complexities to a menu of just three choices: a diversified stock portfolio, a diversified bond portfolio and one offering diversified cash alternatives.

Ultra-high-net-worth individuals in North America, or those with a net worth of $30 million or more, will outpace UHNW individuals in Asia-Pacific through 2032, according to Wealth-X’s “World Ultra Wealth Report 2011,” released Thursday.

WASHINGTON — For more than a year, Republicans have been hammering Democrats for what they say are the hefty economic costs of new financial regulations.

The Tokyo Stock Exchange said it will migrate futures trading to a new electronic system that eliminated the “open outcry” system of yelling for attention on an options trading floor.

BOSTON—More than $1.2 trillion has been redeemed from equity mutual funds since September 2008, and retail outflows year-to-date through September have surpassed $89 billion—on pace to be greater than all of the money that fled mutual funds in 2008, said Ron O’Hanley, president of asset management and corporate services at Fidelity Investments.

BOSTON—“Emerging markets are just a niche asset class” persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

BOSTON—Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.