Special Program Root Tag

Last week, the Board of Trustees of AIM Sector Funds voted to revamp the Invesco Utilities Fund’s mandate, subject to the approval of the fund’s shareholders at a special meeting to be held in February 2013.

U.S. stock and options markets closed today, the first unscheduled, market-wide shutdown since September 2001, and may remain closed Tuesday, the Wall Street Journal reports.

Wells Fargo Advisors Financial Network has added four practices.

Huntington Funds is on a roll.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

A delegation of fund firms, including BlackRock and Fidelity Investments, who are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Since Hatteras Funds acquired the Alpha Hedged Strategies Fund in 2009 from AIP Mutual Funds, the fund family has grown to $700 million in assets under management.

Money Management Executive, in conjunction with co-sponsor NICSA, presented the 2012 NOVA Awards on Oct. 18 at NICSA's General Membership Meeting in Boston.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.

The registered investment advisor is becoming a portfolio manager, more than an advisor.

In real estate, the three keys are location, location and location. But in the case of Charles Schwab's latest ETF Investor Snapshot, the keys are real estate and more real estate.

Neil Bathon, founder of FUSE Research Networks, has been on the forefront of research and analysis of the retirement and asset management industries for the last four years.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

Forward Funds is giving its multi-strategy fund a facelift.

Pacific Investment Management Co. has shuttered a European money market fund, citing low interest rates, Dow Jones Newswires reports.

State Street Global Advisors has launched the SPDR S&P 1500 Value Tilt ETF (VLU) and the SPDR S&P 1500 Momentum Tilt ETF (MMTM), which began trading on the NYSE Arca yesterday.

Terri Labrecque has been named head of marketing for BNY Mellon’s Asset Servicing business, Money Management Executive has learned.

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, October 24, according to data from the Investment Company Institute.