Money Management Executive Latest News

Fidelity Investments has named Scott Couto as the new president of its Financial Advisor Solutions unit, where he will oversee the firm's product suite, investment consulting services, product analysis and marketing endeavors.

Franklin Templeton Investments has launched the Templeton Frontier Markets Fund in Canada, which will invest at least 80% of its portfolio in 61 countries in the very early stages of development, such as Bangladesh, Sri Lanka, Romania, Jordan, Tunisia, Columbia, Zambia, Paraguay and Kenya. International investing expert Mark Mobius will run the fund.

Pyramis Global Advisors, Fidelity Investments’ institutional business, has established a cash management business in London to offer a suite of money market and other cash management solutions in the world’s major currencies.

UBS Investment Management has launched two ETRACs exchange-traded notes linked to the performance of the UBS Internet IPO Index, which is comprised of 20 social networking, Internet software and Internet services stocks that have gone public within the last three years.

Sixty-seven percent of America’s middle-income Baby Boomers expect that their retirement experience will be drastically different from their parents’, a survey by the Bankers Life and Casualty Company Center for a Secure Retirement found.

Americans’ outlook for the economy darkened in June, a Harris Interactive poll of 2,183 adults in mid July found. Thirty-one percent are afraid that the economy will worsen in the coming year, 41% don’t expect any improvement, and only 26% are hoping things will pick up in the coming year.

Federated Investors has completed its acquisition of $509 million in mutual fund assets covering equities, fixed income and money markets from EquiTrust Series Fund and EquiTrust Variable Insurance Series Fund.

There is a lot of concern among investors about the looming Aug. 2 debt ceiling crisis, with investors wondering whether they should take steps to protect their assets in the event of a major crisis such as soaring interest rates and a decline in bond prices or even a stock market crash.

BlackRock said Thursday it is moving the production of its research on exchange-traded funds to a new unit and the long-timer producer of its "ETF Landscape" reports will be leaving the company.

U.S. Bancorp has launched its fourth multiple series trust to support mutual funds, called the Managed Portfolio Series.