Fund performance

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

Perhaps Matthew Lemieux, research analyst at Lipper, sums up best the damage Superstorm Sandy has wrought on the mutual fund and ETF space.

Relationships help fund firms retain assets, says Cogent Research.

The SSgA Tuckerman Active REIT Fund will soon be looking for another subadvisor.

Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being spurred by the Federal Reserve’s quantitative easing program.

Hurricane Sandy kicked up total estimated inflows to long-term mutual funds to $5.45 billion for the week ended Wednesday, October 24, according to the Investment Company Institute.

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.

Waddell & Reed Financial’s net income plunged in the third quarter due to losses from the sale of its Legend group of subsidiaries to First Allied Holdings.

Great-West Financial today reported that its Great-West Lifetime Funds grew 97% to $3.2 billion for the year ended September 30, 2012, compared to the same period a year ago.

Affiliated Managers Group, which bets on boutique investment management firms today reported third quarter earnings of $101.2 million, compared to $82.1 million for the same period of 2011.

Look for changes in Artio Global Investors leadership, with Richard Pell stepping down as chairman and chief executive officer tomorrow.

The NYSE Euronext and NASDAQ Stock Market remains closed for the second day in a row as Hurricane Sandy makes landfall along the Northeast and Mid-Atlantic states leaving behind massive power outages and devastation in its wake.

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.

Flows into target maturity funds have remained strong with nearly $12 billion flowing into the category during the third quarter, according to data from Morningstar.

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.

Huntington Funds is on a roll.

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

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

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

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.