-
The Investment Company Institute has named Gregory Johnson, president and chief executive officer of Franklin Resources as chairman for a one-year term. As chairman, Johnson will oversee ICI’s board of governors, which sets policies and oversees the institute.
October 7 - Money Management Executive
BOSTON—An overly disillusioned Generation Y, the exploding middle class in emerging market nations and the bravery and the foresight to embrace new ways to reach investors will provide opportunities to the asset management industry in the years ahead, said Penny Alexander, senior vice president of Franklin Templeton Investments.
October 6 - Money Management Executive
Investors have pulled nearly $80 billion this year out of mutual funds that invest in U.S. stocks.
October 5 -
UBS AG has accepted the resignations of global equities co-heads Francois Gouws and Yassine Bouhara and named Mike Stewart as the sole global head of equities following an unauthorized trading scandal that came to light last month.
October 5 -
ING’s U.S. retirement division has launched iEnroll, mobile enrollment for 401(k) plans whereby participants can instantly enroll in their workplace retirement plan. iEnroll is available on mobile devices as well as through tablets that on-site ING enrollment specialists will have on hand.
October 5 -
ProShares has launched the first ETFs in the United States to provide magnified or inverse exposure to VIX futures.
October 5 -
WASHINGTON -- A top official with the Labor Department defended the controversial plan to expand the definition of "fiduciary" to cover people providing advice to retirement plans on a commission-based model, a proposal strongly opposed by industry groups representing independent broker-dealers and advisers.
October 5 -
Litman Gregory Fund Advisors has launched the Litman Gregory Masters Alternative Strategies Fund, a multi-manager, multi-strategy fund that offers investors diversified exposure to absolute return-oriented strategies.
October 5 - Money Management Executive
BNY Mellon Shareholder Services has launched Mobile Proxy Voting, enabling client companies to extend electronic proxy voting to smartphones, tablets and other web-connected mobile devices.
October 5 -
Russell Investments has launched four additional investment discipline exchange-traded funds, the new offerings focused on small-cap indexes. Russell’s investment discipline indexes take indexing to the next level by aiming to mirror the way equity managers invest.
October 5