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ING U.S. announced last week that the underwriters in its initial public offering have exercised their overallotment option to purchase approximately 9.8 million additional shares of ING U.S. from ING Group at the IPO price of $19.50 per share.
June 4 -
Mutual fund assets inched up by $179.6 billion, or 1.3%, to $13.856 trillion in April, according to data from the Investment Company Institute.
May 30 -
Mutual funds attracted estimated inflows of $7.97 billion for the week ended Wednesday, May 22, according to data from the Investment Company.
May 29 -
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Advisors are expected to up the exchange traded fund allocations in their clients portfolios in 2013, according to Cerulli's Exchange Traded Fund Markets 2013 report.
May 28 -
Investors continue to pour dollars into 40 Act products, looking for returns outside of U.S. borders and income from taxable fixed income funds.
May 24 -
Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, according to the Investment Company Institute.
May 24 -
Assets of all exchange-traded funds rose in April by $22.39 billion to $1.469 trillion, according to the Investment Company Institute.
May 23 -
Direxion Funds, based in Boston, is known for creating innovative tactical exchange-traded funds, particularly leveraged index funds.
May 23 -
Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute.
May 22 -
The New Castle County Employees Pension Program, based in New Castle, Del., has opted to siphon a Madison Square Investors account in favor of Vanguard's index management.
May 22 -
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Stock market volatility since the global credit crisis has scared many investors away, leaving some struggling to generate growth and returns.
May 22 -
The Harbor Funds Board of Trustees has replaced Marsico Capital Management as the sub-adviser to the Harbor International Growth Fund (HAIGX) with Baillie Gifford Overseas Limited, effective May 21.
May 21 -
Pioneer Investments has named Jonathan Chirunga as a portfolio manager on two Pioneer open-end municipal bond funds: Pioneer High Income Municipal Fund and Pioneer AMT-Free Municipal Fund.
May 21 -
What will happen if 1994's sudden burst in interest rates repeats itself?
May 21 -
Federated Investors has decided to liquidate the Federated Alabama Municipal Cash Trust (ALMXX).
May 20 -
Andy Brooks just wants to get something done, about the structure of equity markets.
May 20 -
There is a way to be invested in stocks that can help mitigate volatility: Employ an investment strategy that seeks to take advantage of global stock market inefficiencies to profit in both up and down markets.
May 17 -
Jeff Vinik, in a move that echoes his departure 17 years ago from the Fidelity Magellan Fund, is shutting his hedge fund after making ill-timed bets on gold and the direction of stocks.
May 7