Fund performance

His firm may sponsor only three small exchange-traded funds right now, but if Sean O'Hara, president of RevenueShares Investor Services of Paoli, Pa., has his druthers, there'll be revenue-weighted ETFs in every investor's portfolio someday. With that in mind, the firm will be offering 10 additional sector ETFs within weeks, with more to come later this year.

Welcome to Money Management Executive's 6th Annual Fund Operations Awards.

While not exactly a national victory for the mutual fund industry, a recent court ruling regarding "excessive fees" could set a strong precedent for further disputes.

In the midst of market turbulence, many investors are blindly rushing to gold without any concern for the long-term consequences of doing so.

Money market mutual fund assets fell $4.28 billion for the week ending May 28, to $3.505 trillion, according to the Investment Company Institute. Assets of retail money market mutual funds fell by $3.99 billion to $1.223 trillion.

Harry Lange, a manager of Fidelity Investment’s popular $40.5 billion Magellan fund, believes that once the effects of the central bank’s rate cuts and the government’s economic stimulus packages kick in, U.S. stocks could be near an “important bottom.”

Investors seem to be moving more money to U.S.-based stock mutual funds.

Anthony Bolton, manager of Fidelity Investments’ Special Situations Fund in the U.K. for nearly 30 years—and who has turned out an average annual return of 19.5% in that time—is bearish on financials and mining stocks, The Wall Street Journal’s “Letter From the City” column reports this morning.

A study by the Genocide Intervention Network, conducted with Bloomberg, has found that companies that invest in countries with poor human rights practices make bad investments, both financially as well as ethically.

In an already crowded field, Northern Trust Corp. is the latest financial-services company to try and make its mark in the exchange-traded fund business.

CHICAGO -- Weekly reporting municipal bond mutual funds had a net inflow of $815 million during the period ending May 21, AMG Data Services reported.

We were rather startled when we read as a sidenote in a story on money market mutual fund flows in The Wall Street Journal the other day that Financial Research Corp., the go-to source for industry- and firm-wide sales data, would no longer be publishing its figures.

ING Names Brown Retail Annuity President

The Securities and Exchange Commission voted unanimously last Wednesday on a proposal that would require mutual funds to provide risk/return, fee and strategy information using the same new digital data tagging system as the 500 largest U.S. corporations.

Talk about tapping into the powers that be inside the Beltway.

PHILADELPHIA - Boards may have grown in power since the passage of the Sarbanes-Oxley Act of 2002, but mutual fund companies should take care to temper that influence so it doesn't interfere with business.

The information technology sector has surpassed financials as the largest sector in the S&P 500 index for the first time since early 2002, Howard Silverblatt, senior index analyst for Standard & Poor’s, told BusinessWeek.com.

Nuveen Investments Inc. is developing a debt instrument to allow the refinancing of billions of dollars in frozen auction-rate securities.

The Securities and Exchange Commission voted unanimously yesterday on a proposal that would require mutual funds to provide risk/return, fee and strategy information using the same new digital data tagging system as the 500 largest U.S. corporations.

WASHINGTON — Market participants hailed yesterday’s long-awaited but widely expected Supreme Court decision that upheld 42 states’ preferential tax treatment of their bonds as a “resounding victory” for the municipal securities market.