Special Program Root Tag

iShares will close and liquidate the iShares Diversified Alternatives Trust, according to a letter to shareholders.

The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.

San Antonio-based USAA Investments, a provider of mutual funds and insurance products to members of the U.S. military, is currently prepping the USAA Target Retirement 2060 Fund to launch in July 2013.

The MFEA launched a new group within its executive council: the Product Management Council (PMC).

American Century Investments has named former BlackRock/Barclays Global Investors executive Vinod Chandrashekaran senior vice president and director of quantitative research.

Assets of all exchange-traded funds rose in March by $37.54 billion, or 2.7%, to $1.446 trillion, according to the Investment Company Institute.

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.

Alternative mutual funds are hot and signs are pointing to a greater expansion of the growing asset class.

The stars are aligning for Fidelity Investments to start its home-grown family of exchange-traded funds.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

Just like many corporate boards, mutual fund boards have an opportunity to strengthen their operations, and solve some of the challenges they face, by more effectively thinking about the value of diversity.

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, there is more to think about than advisor fee justification and distribution fee compliance.

Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world's best-known bond investor and adding pressure on its rising stars to live up to his legacy.

Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.

The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.

Mutual funds and exchange-traded funds ETFs saw redemptions of $7.0 billion the week ended April 24.

Fidelity Investments has rolled out a Windows Phone 8 brokerage app for Windows Phone users to help them manage their investments on the go.

Total money market mutual fund assets dropped by $1.87 billion to $2.593 trillion for the week ended Wednesday, April 24, according to the Investment Company Institute.

Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.

A former Canadian “mutual fund” salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients’ assets valued at some $12 million, the Globe and Mail reports.