Money Management Executive Latest News

Three Join Wilmington's Wealth Advisory Business

47% of Asset Managers Expect to Expand Product Management Staff

Mutual funds and large institutional investors are being spared from a new Securities and Exchange Commission proposal to reign in the growing use of dark pools to hide trading information, since only trades smaller than $200,000 would be exposed.

Invesco and Eaton Vance last week launched an exchange-traded fund and an actively managed bond fund, respectively, designed to track the performance of taxable Build America Bonds-a potentially transformative product that has helped galvanize public finance in 2009.

The U.S. economy is well on its way to recovery, according to most mutual fund CIOs, and just about all the economic charts show key growth criteria improving, barring an unexpected jolt.

Vanguard has launched seven new bond exchange-traded funds covering corporate, mortgage-backed and government segments.

At an educational seminar for the asset management industry that law firm Walkers is hosting on Dec. 2 in New York, the focus will be on the key issues facing the industry, restoring investor confidence being the most important one.

With income limits and filing status restrictions being removed on Roth IRAs as of Jan. 1, Fidelity Investments has created an online Roth IRA conversion calculator available to its independent registered investment advisor clients and broker/dealer clients of National Financial, Fidelity’s correspondent clearing business. Using this calculator, advisers can walk their clients through a series of questions to help them determine whether a Roth IRA might be appropriate.

Barclays has launched the iShares S&P India Nifty 50 Index Fund, which tracks the S&P CNX Nifty Index of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.

Lincoln Financial Group has launched the Lincoln MYGuarantee Plus single premium deferred fixed annuity. It is available for qualified plans (IRA and Roth IRA) through partner firms and the Lincoln financial network.