Money Management Executive Latest News

Financial Research Corp. has hired Matthew J. Schott as vice president, retirement income practice leader.

Deutsche Börse and Clearstream said they began their joint effort at introducing exchange trading in mutual funds.

Liberty Street Advisors has launched the Center Coast MLP Focus Fund, a mutual fund that will invest in midstream energy infrastructure master limited partnerships. It will be sub-advised by Center Coast Capital Advisors of Houston, whose founder Dan Tutcher is well known in the MLP sector.

In an effort to provide investors with greater diversification, Prudential Investments has launched the Prudential Real Assets Fund, which will invest in real estate, metals, fuel and other commodities. In addition, the fund aims to protect investors against inflation and rising interest rates.

Acadian Asset Management has launched the Acadian Emerging Markets Debt Fund, joining the $946 million Acadian Emerging Markets Equity Portfolio, which it has been managing since 1993.

The Consumer Reports Sentiment Index slimed to 48.7 in January, up from 45.1 in December and 44.1 a year ago. This is the highest level it has been at in two years, Consumer Reports said.

The holiday celebration is over.

In an effort to develop jumpstart its exchange-traded fund business, Russell Investments announced Wednesday it plans to buy U.S. One Inc., a registered investment advisor and ETF provider.U.S. One is the investment advisor to the One Fund, an ETF traded on the New York Stock Exchange that provides exposure to 95% of the world’s stock markets with the objective of long-term investment growth.

The financial crisis has brought personal finance front and center in the mind of many Americans, with 70% saying taking control of their finances is a top priority and nearly as many believing they can accomplish this.

While regulators have focused on target-date funds since the financial crisis, most investors understand the funds’ basic design and are aware of their risks, a Vanguard survey of 4,700 investors shows.