News Feed

Merger and acquisition value jumped 39% in the first half of 2011 continuing the trend of strong M&A activity in 2010, according to PwC US.

Assets flowed out of ETFs in May, the first time flows have reversed direction since August 2010, according to State Street Global Advisors, which just released its latest Snapshot report tracking ETF funds.

Lord Abbett and Wilshire Associates have partnered to launch Pro Active Income Solutions, an actively managed approach designed to deliver income for the independent advisory market. The solution combines Wilshire’s dynamic asset-allocation capabilities and Lord Abbett’s comprehensive suite of fixed income mutual funds.

Global X Funds has launched the Global X SuperDividend ETF, an exchange-traded fund that offers exposure to 100 global companies that rank among the highest dividend-yielding equity securities in the world.

Asset management firms are not fully leveraging the capabilities of their internal wholesalers, according to a new report from Kasina, “Excellence in Distribution: Internal Wholesaling 2011.”

New York-based exchange traded fund (ETF) provider Global X Funds this week rolled out a new ETF for investors who are looking to buy funds comprised of stocks that consistently deliver solid dividends to their shareholders.

Chris Paulitz, who spent more than a decade working as a spokesman and strategic advisor for both House and Senate leadership offices, hired as organization's director of communications and media relations.

Principal Funds has launched a website for financial professionals, preferredsecurities.com, that demonstrates how preferred securities can offer the potential for increased income, diversification and reduced volatility.

AXA Private Equity has signed an agreement to purchase a $1.7 billion portfolio of limited partnership interests in private equity buyout funds and direct stakes in companies from Citigroup.

Sentinel Investments has outsourced its transfer agency fund servicing to Boston Financial in order to focus on its core competencies. Boston Financial will support Sentinel’s transaction processing, control, broker servicing and quality control, but Sentinel will retain primary call center responsibility.