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The Dow Jones Industrial Average gained 131.24 points Wednesday, with advancers beating decliners. The Dow Jones U.S. Total Stock Market Index added 210.12 points.
October 5 - Money Management Executive
Investors have pulled nearly $80 billion this year out of mutual funds that invest in U.S. stocks.
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While the boards of directors of mutual funds are not responsible for managing risk, they still have a key role to play in overseeing investment and operational risks, according to a white paper just released by the Investment Company Institute and Independent Board of Directors.
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ProShares has launched the first ETFs in the United States to provide magnified or inverse exposure to VIX futures.
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UBS AG has accepted the resignations of global equities co-heads Francois Gouws and Yassine Bouhara and named Mike Stewart as the sole global head of equities following an unauthorized trading scandal that came to light last month.
October 5 - PH
The resignations of Francois Gouws and Yassine Bouhara follow CEO Oswald Gruebels departure less than three weeks ago.
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BNY Mellon Shareholder Services has launched Mobile Proxy Voting, enabling client companies to extend electronic proxy voting to smartphones, tablets and other web-connected mobile devices.
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Since March, Robert W. Baird & Co. has hired nine new professionals, including five financial advisors, to its wealth management team in San Francisco and northern California.
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ING knows people of all ages are now virtually tethered to their smartphones and tablet PCs, so its rolling out a new program to help employees instantly enroll in their employers retirement plans.
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The Investment Management Consultants Association appointed Elizabeth Piper-Bach, CFP, as chair of its 2012 board of directors. She leads a slate of four new officers and four new board members for the new term.
October 5
