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Morningstar has added 10 alternative investment categories to its classification system, eight of which cover exchange-traded funds and two the broad universe of funds.
May 9 -
Forward Management has relaunched the Forward International Fixed Income Fund as the Forward EM Corporate Debt Fund. SW Asset Management, an asset management firm that specializes in emerging corporate debt, will sub-advise the fund. David Hinman, chief investment officer of SW Asset Management, will serve as co-portfolio manager of the fund.
May 9 -
Aberdeen Asset Management has launched the Aberdeen Emerging Markets Debt Local Currency Fund in response to growing interest in the asset class, as investors look to diversify their fixed income exposure.
May 9 -
Fidelity’s division for ultra-high-net-worth individuals and family offices, served by independent registered investment advisors, has nearly $2 billion in assets after only six months in service.
May 9 -
WellPoint is one of many insurance companies that reported stellar quarterly earnings and appears set to deliver solid returns to investors for at least the next year.
May 9 -
The Financial Industry Regulatory Authority has hit Wells Fargo Advisors with $1 million in fines for delayed delivery of prospectuses to its mutual fund customers and required regulatory disclosure information about its representatives.
May 9 -
The Securities and Exchange Commission has proposed requiring financial firms to report in real-time either short sale transactions or positions, as part of an initiative to increase disclosure on the popular practice.
May 9 -
BNY Mellon announced Monday it hired Mitchell Harris as president of its investment management division.
May 9 -
WASHINGTON--The Securities and Exchange Commission is set to meet Tuesady to address how to prevent runs on money market funds that could disrupt the $2.7 trillion market and the nation's financial system as a whole.The federal regulator will hold a roundtable involving industry experts, academics, other regulators and agencies making up the newly created Financial Stability Oversight Council at its headquarters at 2 p.m. Here is a list of participants.
May 9 -
Sixty-three percent of investors said the advisor produces results that align with their familys goals and risk parameters. Only 17% disapproved of the advisors performance.
May 9
