Fund performance

Highland Capital Management had a rough ride after the 2008 crisis, logging four years of outflows from its funds. In June 2012, ING and Ivy funds alum, Brad Ross, wasbrought onboard as president.

As Roth 401(k) plans continue to spread, young workers increasingly are voting to go Roth. In the first quarter of 2013, 10% of all participants in Wells Fargo-administered defined contribution plans contributed to a Roth 401(k), when available, up from 8.9% a year earlier. Leading the way were employees under age 30: 16.9% chose the Roth route, a jump from 15.2% participation in last year’s first quarter. (Only 4% of participants in their 60s chose the Roth version this year.)

Financial advisors across the spectrum-at registered investment advisors, wirehouses and independent broker-dealers-are at a loss when it comes to understanding liquidity of exchange-traded funds, according to new research from Cerulli Associates.

Demographics have led to desperation, and the next steps on that path have been towards the rich recruiting bonuses offered by wirehouses to productive advisors. Those tempting payments aren’t going away, but further improvements are “highly unlikely,” according to Mark Elzweig, who heads a New York-based executive search firm focusing on the asset management community.

Participants in the 2013 CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100. This figure was up f rom 49 in the last survey conducted late last year. The global economy received a score of 51, up from 45.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

The newly released 2013 Responsible Investment Report highlights TIAA-CREF’s responsible investment strategies throughout the asset classes in which it invests. The report also points out the company’s socially responsible investing portfolios.

Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.

Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

Financial advisors across the spectrum-at registered investment advisors, wirehouses and independent broker-dealers-are at a loss when it comes to understanding liquidity of exchange-traded funds, according to new research from Cerulli Associates.

TrimTabs Investment Research reported today that U.S. equity mutual funds and exchange-traded funds gathered $34.4 billion in July through Wednesday, July 17, which is the second-highest inflow on record, according to the Sausalito, Calif.-based research shop.

Neuberger Berman Group has launched the Neuberger Berman Greater China Equity Fund (NCEAX, NCECX, NCEIX), a mutual fund for U.S. investors investing primarily in equity securities of issuers based in mainland China, Hong Kong, Taiwan, and Macau.

Money market mutual fund assets increased by $8.53 billion to $2.632 trillion for the week ended Wednesday, July 17, according to the Investment Company Institute.

BlackRock said second-quarter profit climbed 32% as rising stock markets boosted fees.

Direxion today announced that the Direxion Indexed Managed Futures Strategy Fund (DXMAX) has gathered more than $100 million in assets under management since launching in February 2012.

Inflows to long-term mutual funds were $1.28 billion for the eight-day period ending Wednesday, July 10, according to the Investment Company Institute.

Exchange-traded funds that made bets on the gold sector were punished in the first half of the year with poor returns and redemptions amid a two-year low in price for the precious metal.

Bond funds netted redemptions of $59 billion (excluding exchange-traded funds) last month, according to Strategic Insight.

On April 19, three weeks before he said the 30-year bull market in bonds was over, Bill Gross announced he was buying TIPS—Treasury Inflation-Protected Securities.