Money Management Executive Latest News

While Americans have remain committed to saving for retirement through their 401(k)s, a significant portion of households owning financial investments, 37%, have become more conservative in their saving, asset allocation and choice of retirement age, according to a survey of 3,000 households at the end of 2010 by the Investment Company Institute.

Flows to mutual funds worldwide were $150 billion in the third quarter of 2010, bringing total assets to $23.70 trillion, the Investment Company Institute said Thursday. The flows more than reversed the $91 billion in outflows the previous quarter.

As the Patient Protection and Affordable Care Act approaches its one-year anniversary, the focus on the law is shifting from the issues of extending coverage and insurance reforms to the structure of the upcoming insurance exchanges, accountable care organizations and the definition of "essential benefits."

Merrill Lynch, Pierce, Fenner & Smith, now a unit of Bank of America, will pay $10 million to settle charges that it misused customer order information for its own proprietary trading in securities.

John Hancock Funds announced on Tuesday its new John Hancock Alternative Asset Allocation Fund, a multi-managed fund that John Hancock will manage along with five other leading asset management firms: PIMCO, Wellington Management, Dimensional Fund Advisors, Stone Harbor, Deutsche Asset Management and First Quadrant.

Although the economic recovery is relatively slower in the U.S. than abroad, U.S. CEOs’ outlook has improved considerably, a survey by PricewaterhouseCoopers finds.

The Conference Board Consumer Confidence Index increased in January to 60.6, up from 53.3 in December.

Global X Funds on Tuesday launched two new emerging markets exchange-traded funds, the Global X Russell Emerging Markets Growth ETF and the Global X Russell Emerging Markets Value ETF.

Forward Management on Tuesday launched the Forward Tactical Enhanced Fund, an absolute return fund that seeks to deliver returns regardless of the market’s direction.

The Securities and Exchange Commission charged an Austin energy company with bribing a broker to manipulate the price of its stock.