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UBS Wealth Management Americas has snagged a Merrill Lynch team in Cincinnati with more than $1 billion in client assets under management.

There's growing concern in the mutual fund space about new regulatory requirements designed to increase transparency about business practices and generally expected to raise the stakes for fund firms and managers.

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets

A year ago, Morningstar introduced its forward-looking analyst ratings system for the mutual funds it covers in the United States.

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Regulatory reform is about to exact its price.

Ouch! Long-term mutual funds saw $2.99 billion in outflows for the week ended Wednesday, Nov. 14. That's a steep drop from $6.19 billion in inflows the week prior.

First Trust Advisors has filed with the Securities and Exchange Commission to launch an active exchange-traded fund that will bet on the commodity futures market.

For the week ended November 14, investors pulled an estimated $6.6 billion from mutual funds that invest long-term in U.S. equities, bringing total outflows for the year to more than $123 billion.

The Generations Multi-Strategy Fund, a separate series of the Northern Lights Fund Trust, is liquidating after four years of trading.