Money Management Executive Latest News

Retirement plan participants using an online tool save at an average rate of 39% higher than other plan participants, according to a study by Principal Financial Group of its clients.

Long-term funds had inflows of $7.91 billion for the week ended Feb. 23, the Investment Company Institute said Wednesday.

Fund managers are bullish on the prospects for equities and emerging markets in 2011, but have bearish views on government bonds, a survey of 141 fund managers at the end of 2010 by Towers Watson found.

MetLife and PIMCO have partnered to create a lifetime income solution. A client can purchase PIMCO mutual funds designed to provide inflation-adjusted monthly distributions to protect against inflation risk and separately purchase MetLife longevity insurance to provide monthly income after mutual fund distributions end.

Transamerica Asset Management, having completed its adoption of the TS&W International Equity Portfolio, has re-introduced the fund as the Transamerica TS&W International Equity Fund.

Thirty-four percent of the 3,171 adults that The Harris Poll surveyed in February expect the economy to improve in the coming year, 42% expect it to stay the same and 25% think it could get worse.

Harbor Funds has launched the Harbor Flexible Capital Fund, managed by Marsico Capital Management.

Goldman Sachs Asset Management has launched the Goldman Sachs N-11 Equity Fund, a long-only U.S. fund that will invest in the “next eleven” countries including Bangladesh, Egypt, Indonesia, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.

Rising markets and belt tightening boosted asset managers’ net margins to 23.4% in the fourth quarter, up from 21.1% in the third quarter, kasina reported Monday. This puts margins back to the level they were at before the credit crisis of 2008.

Eagle Asset Management is running its first advertising and branding campaign, “Keeping Our Word,” with online and print promotions.