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ETF flows topped $17 billion in May with the large cap category leading the way taking in $5.4 billion in flows, according to State Street Global Advisors latest ETF SNAPSHOT: May 2013.
June 10 -
The TCW Group has expanded its distribution efforts in Europe and Asia, with the opening of new TCW offices in Paris and Hong Kong.
June 10 -
Walt Bettinger, president and chief executive officer of Charles Schwab & Co., officially joined Twitter last week.
June 10 -
The Driehaus Large Cap Growth Fund (DRLGX) is closing to new investors on June 11 and will liquidate on July 19, according to a regulatory filing.
June 10 -
The Securities and Exchange Commission last week unveiled its money market fund proposals that, in part, seem to have won the support of its biggest critic: the Investment Company Institute.
June 10 -
Trading at 25% down from an all-time high of $1,921 per ounce, gold's recent prices may have you thinking that the bull run is over.
June 9 -
One year after the "untimely" death of Richard Aster, founder of Larkspur, Calif.-based Aster Capital Investment Management, the investment advisor is selling off its assets.
June 9 -
The Securities and Exchange Commission has approved new Financial Industry Regulatory Authority rules that prevent mutual fund and hedge fund industry personnel from serving as public arbitrators, effective July 1.
June 9 -
The Securities and Exchange Commission last week unveiled its money market fund proposals that, in part, seem to have won the support of its biggest critic: the Investment Company Institute.
June 9 - Money Management Executive
Arrow Funds is building out its sales team with an eye on expanding distribution of its alternative products in the RIA channel.
June 9 -
Thanks to advances in medicine and technology, more of us will live to see our grandchildren to adulthood.
June 9 -
ProShares has added Ramesh Babu as chief technology officer and William Poulin as head of product management.
June 7 -
The Wilmington Rock Maple Alternatives Fund (WRAIX) is making due with one less advisor starting today.
June 7 -
Portland, Ore. and Omaha, Neb.-based FolioMetrix has renamed its FMX retail mutual fund family the RiskX funds in favor of something that better reflects what the company does, according to the firm.
June 7 -
New York-based W.P. Stewart & Co. has hired Michael Maquet as chief executive officer, effective June 10.
June 7 -
Neuberger Berman Group has launched the Neuberger Berman Flexible Select Fund (NFLIX, NFLAX, NFLCX) to bet on The Fund will invest in the equity, fixed income and cash equivalent assets classes.
June 7 -
For the second consecutive week equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while their conventional mutual fund brethren took in $0.5 billionfor their twenty-second consecutive week of net inflows, according to Lipper data.
June 7 -
Active exchange-traded fund provider AdvisorShares is closing the AdvisorShares Rockledge SectorSAM ETF (SSAM) on June 21. The fund investing primarily in both long and short positions in U.S. sector ETFs.
June 7 -
NICSA and Money Management Executive announce the opening of nominations for the 2013 NOVA Awards program recognizing outstanding service, leadership and innovation inside asset management firms.
June 6 -
New York-based Gerstein Fisher has launched the Gerstein Fisher Multi-Factor Global Real Estate Securities Fund (GFMRX) to make bets on real estate investment trusts and other related securities.
June 6