Fund performance

Forbes has compiled its list of the world's billionaires and a few mutual fund executives have made the cut.

Investors injected roughly $10.8 billion into mutual funds and exchange-traded funds (ETFs) for the week.

The debate rages on among fund managers regarding the merits of active versus passive management, especially in light of the growing buzz for low-fee passive funds.

U.S. exchange-traded fund assets totaled $1.41 trillion as of Feb. 28– up 5.1% year-to-date, according to State Street Global Advisor’s latest ETF Snapshot.

Total money market mutual fund assets dropped by $16.70 billion to $2.646 trillion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Morningstar has handed out some extra gold stars.

Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012. 

In first seven weeks of the year, $30 billion flowed in to equity mutual funds.

Chicago-based Driehaus Capital Management is liquidating its Driehaus International Credit Opportunities Fund (DRCIX) after a year of less-than-stellar performance.

Attention fund managers: Want to know if your fund is the best of the best among 401(k) plans?

Continued demand for equity exchange-traded products booted ETP flows $47.1 billion, the strongest two-month total on record, according to BlackRock’s latest ETP Landscape Snapshot.

William Galvin, Secretary of the Commonwealth of Massachusetts, last week called out Charles Schwab & Co. for recently changing up its customer arbitration agreements by striking its investors' ability to join class action lawsuits.

Much ado has been made about the splashy start this year for equity funds.

In first seven weeks of the year, $30 billion flowed in to equity mutual funds.

While U.S. investors remained net purchasers of mutual fund assets for the week ended Feb. 27, political uncertainty seems to have shaken them somewhat.

2013 is looking good so far for mutual funds.

BlackRock, the world’s biggest asset manager, replaced portfolio managers at funds including those that invest in energy as it seeks to improve performance at actively run products.

Executive cash bonuses for the New York City securities industries are expected to jump by eight percentage points, rounding out to about $20 billion, New York Comptroller Thomas DiNapoli said.

The Year of the Snake began on February 10. According to Chinese folklore, this year will be known for steady progress and attention to detail.

The Year of the Snake began on February 10. According to Chinese folklore, this year will be known for steady progress and attention to detail.