Money Management Executive Latest News

In response to growing demand for international equity funds, RS Investments has launched two new global equity mutual funds, the RS Global Growth Fund and the RS Greater China Fund. Baillie Gifford Overseas will sub-advise the funds.

Senators Herb Kohl (D-WI) and Mike Enzi (R-WY) have proposed the Savings Enhancement by Alleviating Leakage in 401(k) Savings Act (SEAL), which would limit the number of loans that participants can take from their 401(k) to no more than three at a time.

Despite the widely held belief that younger investors have become tremendously risk-averse due to the economic crisis, Vanguard is finding that younger investors have increased their equity exposure considerably.

Russell Investments has launched a new suite of six exchange-traded funds, the Russell Investment Discipline ETFs, which focus on six investment styles commonly used by investment managers.

Global X Funds has launched the Global X Auto ETX (ticker: VROM), which will invest 76% of its portfolio in auto manufacturers and 26% in auto parts and equipment.

Since most participants accept the deferral rates that are automatically set in 401(k) plans, sponsors should increase those rates to at least 6% or higher, The Principal says.

Long-term funds look in $3.91 billion in the week ended May 11, the Investment Company Institute said.

Operating margins of publicly traded asset managers ticked down to 30.5% in the first quarter of 2011, down from 31.4% in the previous quarter, Kasina said. Net margins decreased from 23.4% to 22.1%.

Taxable bond funds and exchange traded funds (ETFs) enjoyed another banner month in April, according to Morningstar's latest Direct Fund Flow Update, adding another $17.7 billion and $23.3 billion in inflows, respectively.For the month, taxable bond funds recorded the largest percentage increase of any asset class while inflows for U.S. ETFs more than tripled from the $6.9 billion added in March.

LAS VEGAS - Could the United States be headed for another Great Depression?