Money Management Executive Latest News

T. Rowe Price Group announced better-than-expected fourth-quarter earnings on Friday as assets under management soared on inflows, particularly to target-date retirement portfolios.

Prudential Retirement has named Kara Segreto chief marketing officer, in charge of marketing, brand and promotional programs for the firm’s defined contribution, defined benefit, stable value, retirement income, retirement plan strategies, pension risk transfer and non-qualified benefits lines of businesses.

Vanguard on Friday launched the Vanguard Total International Stock ETF, which tracks the MSCI All Country World ex-USA Investable Market Index.

Morningstar has begun issuing research reports and ratings on closed-end funds, with the launch of reports on 30 funds. By the end of the first quarter, Morningstar will be covering 100 closed-end funds in the U.S., representing about a quarter of the universe and focused on the largest and most heavily traded funds.

The Securities and Exchange Commission on January 31 will publish data showing shadow prices – or the true net asset value -- for money market funds.

State Street Global Advisors on Thursday has launched three new SPDR exchange-traded funds: the SPDR S&P Transportation ETF, the SPDR S&P Telecom ETF and the SPDR S&P Healthcare Equipment ETF.

In the week ended Jan. 19, long-term funds took in $4.01 billion, the Investment Company Institute said.

Fidelity Investments reported it helped 146 individual brokers and teams managing $12 billion in assets transition to a range of independent business models last year.

Private fund advisors with more than $1 billion in assets under supervision have a greater need for monitoring, especially after lessons learned during the recent financial crisis, according to the Securities and Exchange Commission. So the commission proposed requiring all registered investment advisors that work with one or more private funds to complete a new document, the Form PF. Registered investment advisors who work with hedge and private equity funds, among others, would be required to file the new form periodically.

Companies are not following the leads of consumers.