News Feed

Munder Capital Management has launched the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund, both of which are sub-advised by subsidiary Integrity Asset Management, a value specialist that Munder acquired earlier this year.

Barclays Bank has launched the iPath U.S. Treasury 5-Year Bull Exchange Traded Note and the iPath U.S. Treasury 5-Year Bear Exchange Traded Note.

Altegris Advisors has launched the Altegris Macro Strategy Fund, which it is characterizing as the “ultimate go-anywhere fund.”

Van Hulzen Asset Management and Witter Partners have launched the Iron Horse Fund, a mutual fund that invests in dividend-paying stocks and uses call options to reduce volatility and create incremental income. Van Hulzen is the fund’s advisor and Witter is its distributor and marketer.

Securities America hopes to make it easier for its advisors to convert to fees by allowing them to combine separately managed accounts (SMAs) and mutual fund wraps into one Unified Management Account.

Consumer Reports’ Consumer Sentiment Index rose slightly from 46.2 in June to 48.5 in July but remained in negative territory, as the stagnant job market is making consumers cautious about spending.

Gold prices rallied in U.S. dollars and hit an all-time high in Euros -- a response to Moody’s downgrade of Portuguese government debt to junk last week -- amid concern that troubles in Italy and Greece will drive Euro down.

After seeing assets flow out of ETFs in May -- the first time flows have reversed direction since August 2010 -- the ETF Industry saw a 1.4%, or $8 billion, decline in overall assets in June, according to State Street Global Advisors, which just released its latest Snapshot report tracking ETF funds.

UBS Wealth Management Americas has hired Morgan Stanley Smith Barney executive Jon Mallon as director and branch manager for its Santa Rosa, Calif. office.

Americans’ retirement expectations have changed dramatically in the past few years, with a vast majority planning to live more frugally and to delay retirement, SunAmerica Financial Group and Age Wave found in a survey of 1,001 people age 55 and older that was the basis for the “SunAmerica Retirement Re-Set Study.”