Strong inflows and a robust stock market are driving continued growth in the mutual fund industry in 2006,
Of particular note, Strategic Insight pointed out that inflows to international equity funds were nearly $30 billion in January, twice the previous monthly record. Also, inflows to growth funds continued to rise, while value funds suffered net redemptions.
Worldwide, more than $20 trillion is now invested in mutual funds, with nearly $1 trillion in net new flows in 2005.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
