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Investors steered an estimated $17.1 billion into exchange-traded funds and notes in July, bringing their total investment in the products to $93 billion for the year, according to the latest data from the ETF Industry Association.
August 3 -
On August 3, 2012, An arbitration panel has struck down an investors $1 million-plus claim against Morgan Keegans troubled bond funds, citing the standard industry warning Past performance is not guarantee of future results.
August 3 -
Attention, asset managers: The Registered Investment Advisor channel is one place where you can differentiate your offering in a crowded marketplace, according to Cerulli Associates.
August 3 -
On August 3, 2012, The Hartford Financial Services Group this week reported second quarter mutual funds core earnings of $18 million versus $27 million during the same period last year.
August 3 -
On August 3, 2012, Total money market mutual fund assets dipped by $3.95 billion to $2.551 trillion for the week ended Wednesday, August 1, according to data from the Investment Company.
August 3 -
On August 2, 2012, Sentinel Investmentsf chief executive Christian Thwaites yesterday saw four members of his investment team, including Charles Schwartz, Betsy Pecor, Matthew McGeary, and Matthew Spitznagle, walk away from their posts.
August 2 -
On August 2, 2012, Russell Investments has added three subadvisors to its Strategic Bond Fund (RFCSX), which preivously employed four subadvisors.
August 2 -
On August 2, 2012, AllianceBernstein today reported that its total assets under management were $407.3 billion as of June 30, 2012, down 2.8% from March 31, and down $53.7 billion, or 11.7%, compared to June 30, 2011.
August 2 -
On August 2, 2012, Vanguard has severed sub-advisory ties with AllianceBernstein regarding the Vanguard Windsor Fund and Vanguard Global Equity Fund.
August 2 -
On August 1, 2012, Multi-manager fund firm Virtus Investment Partners yesterday reported that it had positive net flows for the 13th consecutive quarter, and increased sales in long-term open-end mutual funds year over year.
August 1 -
Mutual fund sub-advisor F-Squared Investments will sub-advise on the newly launched Reliance Trust AlphaSector Target Risk Collective Trust Funds, which is aimed at 401(k) plan sponsors and participants.
July 31 -
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On July 30, 2012, Consulting shop Callan Associates is making its Callan Target Date Index publicly available to defined contribution plan sponsors, target date managers and plan participants via an interactive tool, which evaluates how their target date fund performed against all others in the glidepath universe.
July 30 -
The combined assets of the nations mutual funds increased by $208.5 billion, or 1.7%, to $12.171 trillion in June, according to data from the Investment Company Institute.
July 30 -
Janus Capital Group Inc. this week reported second quarter net income of $23.4 million, or $0.13 per diluted share, compared with net income of $41.9 million, or $0.23 per diluted share, in the second quarter 2011.
July 27 -
Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds.
July 27 -
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On July 27, 2012, Investors pumped in $6.3 billion into mutual funds and exchange-traded funds for the week ended July 25, according to data from Lipper.
July 27 -
On July 26, 2012, Target-date funds pulled in $13.9 billion in the second quarter despite the nearly 3% loss on average, according to Morningstar.
July 26