- Money Management Executive
Investors withdrew $5 billion from U.S. stock and bond long-term funds in September, Strategic Insight reports. This was a “significant improvement” from August, when open-end and closed-end mutual funds (excluding ETFs and VA sub-accounts) were hit with $33.6 billion in outflows following the downgrade of the U.S. debt rating.
October 12 -
Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase. Asset International, however, is only interested in purchasing certain FRC research products: those covering 529 college savings plans, alternative investments, target-date funds, industry assets under management by company and distribution channel, sub-advised funds and its “Monitor” research.
October 11 -
The Consumer Reports Sentiment Index remained weak in October, dropping minimally to 47.6 from 48.8 the month before—but showed some glimmers of hope for the economy.
October 11 -
The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes. The campaign, aimed at 1.4 million participations in 32,500 plans, shows two superheroes flying around on scooters, enjoying leisure time with friends and family and generally just enjoying being retired.
October 11 -
Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.
October 11 -
In the wake of economic and stock market volatility, many 401(k) investors are questioning the wisdom of 401(k), 403(b) and 457 plans, a survey by Allianz Life Insurance Company finds.
October 11 -
Bank of America Merrill Lynch has unveiled a new set of features for its 401(k) and employee financial benefit programs including new mobile access to retirement account information.
October 11 -
Automatic enrollment greatly increases participation in 401(k) plans for all racial and ethnic groups, with particular success for Blacks and Hispanics, even among low earners, Vanguard research shows.
October 11 -
As head of global exchange-traded fund services at BNY Mellon, Joe Keenan has a front-row seat on developments in the exchange-traded fund industry. As such, Keenan fully expects ETFs to continue their incredible success story. Money Management Executive Editor Lee Barney recently spoke with Keenan on the drivers of ETF growth.
October 10 - Money Management Executive
"It's all about the customer experience."
October 10