Money Management Executive Latest News

In a survey of affluent U.S. investors, HSBC Securities reported a growing interest in overseas investing, and an opportunity for advisers to provide more information.

Gemini Fund Services and Broadridge subsidiary Access Data have formed a partnership whereby Gemini’s clients will now have rights to Access Data’s sales reporting solution.

The Conference Board Consumer Confidence Index rose 5.6 points this month to 70.4, up from 64.8 in January.

Ivy Funds has launched a new branding campaign, with the tagline “The World Covered,” emphasizing its distinct and disciplined investment process, specific investment themes, global perspective, product breadth and nearly 75-year heritage.

The State Street Investor Confidence Index, which measures the buying and selling patterns of institutional investors, fell 9.2 points in February to 91.6, down from 100.8 in January. In North America, the index fell 6.8 points to 92.5, down from 99.3.

Fifty-two percent of the wealthiest Americans, those with a net worth between $5 million and $25 million, not including their primary residence, plan to buy individual stocks or stock funds in the coming 12 months, according to a new report from Spectrem Group.

GE Asset Management has completed its appointment of Highland Funds Asset Management as investment advisor for the GE Funds. GE will serve as sub-advisor to all of the funds except the GE Small-Cap Equity Fund, which uses other third-party sub-advisors.

Putnam Investments announced Tuesday that it is developing an absolute return fund for use in variable annuities and other variable insurance products.

John Hancock Funds Monday announced a new advertising campaign to showcase its investment management expertise and trusted brand.

MIAMI-The forecasting firms are fairly unified about their expectations for information technology spending by financial services firms in 2011.