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Investors displayed faith in all types of mutual funds for the week ended Wednesday, January 25, adding a total of $11.6 billion to equity, bond and hybrid funds, according to statistics released Wednesday by the Investment Company Institute.
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Inflows increased 68%, from the $6.9 billion mutual funds posted the week before.
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Franklin Resources a global investment management organization operating as Franklin Templeton Investments ended the year with total assets under management of $670.3 billion, up $10.4 billion or 2% during the quarter.
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An investment research and consulting company said it is releasing a suite of software tools for analyzing mutual funds based on the three-factor model of University of Chicago finance professor Eugene Fama and Dartmouth College professor Kenneth French.
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Keith Johnson is expected to enhance Curians practice management platform with new advisor-facing educational content, sales and marketing presentations, tools and resources.
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The company hopes to hires 2,400 financial representatives to meet client demand for its tailored planning approach to delivering services.
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As part of the arrangement, Adams Hall will retain its name and gradually integrate its operations and systems into Mariners over time.
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Antitrust regulators in Europe stopped the merger of Deutsche Boerse and NYSE Euronext on Wednesday, saying the combined group would have a stranglehold on the listed European futures market and would thwart new entrants.
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NYSE Euronext said it would focus on its standalone strategy, while Deutsche Boerse declared this a black day after the European Commission prohibited the merger of the two exchange operators.
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NYSE Euronext said it would focus on its standalone strategy, while Deutsche Boerse declared this a black day after the European Commission prohibited the merger of the two exchange operators.
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