Money Management Executive Latest News

In the three years since the financial crisis hit, investors have remained cautious, but their tolerance for risk has actually held steady, the Investment Company Institute said Thursday.

John Hancock Financial Network has launched a turnkey retirement income program for financial advisers that includes a web-based product allocation analysis tool, multi-media educational and sales materials and dedicated support.

Three out of four executives at mid-market companies with annual revenues of $50 million to $1 billion plan to maintain or boost their long-term investment spending, according to a survey by Deloitte.

The Conference Board Employment Treads Index fell 0.45 percentage points to 100.95 in September, pointing to continued slow job growth for the rest of the year. However, the figure is up 4.4 percentage points from September 2010.

Although Edward Jones recommends that retirees start with a plan to withdraw 4% of their retirement savings each year, Americans have a widely varying idea of how much they will need, the investment firm found in a survey of 1,011 people.

Man Investments has launched the Man Long Short Fund, a ’40 Act equity hedge fund-of-fund that will invest in up to 30 portfolios and offer monthly liquidity. With a minimum investment of $50,000, the fund will only be available to high-net-worth clients of top-tier broker-dealers.

Long-term mutual funds had total outflows of $10.95 billion in the week ended Oct. 5, the Investment Company Institute said. This was up substantially from the $5.68 billion of outflows in the previous week ended Sept. 28.

Despite concerns over the debt crisis in Europe and the growing debate over a second global recession, recent news on the domestic economic front has been “relatively decent,” according to Mark Luschini, chief investment strategist at Janney Montgomery Scott.

The Securities and Exchange Commission, the Federal Reserve and other regulators are not likely to adopt an emergency liquidity facility funded by fund sponsors to backstop money market funds, according to Gregory Johnson, CEO of Franklin Resources.

John Hancock Funds has made a number of enhancements to its Portfolio Insight tool for financial advisers, including the ability to compare portfolios side by side and see full transparency into holdings.