Money Management Executive Latest News

Van Hulzen Asset Management and Witter Partners have launched the Iron Horse Fund, a mutual fund that invests in dividend-paying stocks and uses call options to reduce volatility and create incremental income. Van Hulzen is the fund’s advisor and Witter is its distributor and marketer.

Consumer Reports’ Consumer Sentiment Index rose slightly from 46.2 in June to 48.5 in July but remained in negative territory, as the stagnant job market is making consumers cautious about spending.

Americans’ retirement expectations have changed dramatically in the past few years, with a vast majority planning to live more frugally and to delay retirement, SunAmerica Financial Group and Age Wave found in a survey of 1,001 people age 55 and older that was the basis for the “SunAmerica Retirement Re-Set Study.”

The Fidelity tech team has come up with a new way to help prevent independent financial advisors from enjoying their vacations

American Beacon Advisors has launched the American Beacon Flexible Bond Fund, which seeks to deliver positive returns no matter what the market direction by investing in a broad range of fixed income instruments.

Morningstar has added sophisticated asset allocation and forecasting functionality to Morningstar Direct, its investment analysis platform for institutional investors.

The Conference Board Employment Trends Index gained 0.50 percentage points in June, rising from 99.5 to 100.00—an increase of 5.4% from June 2010.

Asset managers have seen higher profitability in 2010 than in 2009, but they still face a number of challenges: an increase in investor demands, changing products, tighter regulations, and diversity of markets, according to a study released Monday by The Boston Consulting Group.

So whatever happened to that Armageddon in the $475-billion municipal bond fund market?

One of Wells Fargo Advisors former brokers has won $6.83 million in an arbitration dispute after alleging he was wrongfully terminated and defamed by the firm after cooperating with a regulatory investigation.