Money Management Executive Latest News

Exchange-traded fund assets around the world surged by 6.7% in the first quarter to $1.399 trillion, with investors pouring a net $41.4 billion into ETFs in the first quarter—more than double their investments in the first quarter of 2010, BlackRock reported.

Eighty-five percent of buy-side firms are unprepared for regulatory changes, a survey by MoneyMate, a data management firm, found.

Putnam Investments launched FundVisualizer, a Web-based analytical tool that allows advisers to compare more than 100,000 mutual funds and ETFs in 60 different categories and formats to help them pick and choose the products that will best meet their clients' individual investment needs.FundVisualizer, which was developed by Putnam's in-house IT staff with some help from third-party vendors in roughly 70 days, is platform agnostic -- meaning future mobile versions will be compatible with a variety of tablet PCs like the iPad and Research In Motion's PlayBook and countless others. It is powered by Morningstar data, including the full universe of mutual funds and ETFs.

BlackRock’s iShares exchange-traded fund unit has created a fact sheet and a video to educate investors about the tax efficiencies of ETFs.

FINRA has fined UBS Financial Services $2.5 million and ordered to pay $8.25 million in restitution for conduct related to the sale of Lehman Brothers Holdings principal protection notes.

The No. 1 reason why people save money in a 401(k) plan or an Individual Retirement Account is to prepare for life after work.

RidgeWorth Investments has hired Robert Zakem as chief compliance officer and general counsel and Joseph O'Donnell as chief compliance officer for RidgeWorth Funds.

The Securities and Exchange Commission on May 10 plans to hold a roundtable discussion on how to guard against systemic risk involving money market funds, the investment industry's $2.8 trillion alternative to checking accounts.

Six days after the Securities and Exchange Commission holds its roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

RidgeWorth Investments is milking the success of a long-running series of dairy ads with its new marketing campaign that cheekily asks, "Got Mid-Cap?"