Fund performance

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.

Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows, according to Morningstar.

Global assets under management are set to cross the $70.4 trillion mark by the end of 2013, an increase of $20 trillion from 2008, according to new findings from Cerulli Associates.

Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.

Money market mutual funds gathered $23.82 billion for the week ended Wednesday, July 10, increasing their overall assets to $2.620 trillion, according to the Investment Company Institute.

A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

Nuveen Asset Management’s Chief Equity Strategist and Senior Portfolio Manager Bob Doll is taking on a new slate of funds including traditional, specialty, and alternative funds.

Mutual funds experienced outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.

In June, U.S. exchange-traded fund outflows topped $10 billion, as investors withdrew $6.2 billion from fixed income ETFs and $6 billion from emerging market ETFs, according to State Street Global Advisor’s latest ETF Snapshot report.

The Deloitte Center for Financial Services has added Lynette DeWitt as a research manager, focused on asset management.

The Vanguard Group had its first monthly redemptions in almost 20 years in June as investors sold bond funds in anticipation of the Federal Reserve scaling back its asset purchases.