Investment funds

Classes may be coming to an end for millions of students this month but it is just beginning for one BlackRock executive.

T. Rowe Price Group has added former U.S. Senator Olympia Snowe (R-ME) to its board of directors.

Franklin Buys Remaining Stake in Alt Shop

A few weeks ago the Financial Industry Regulatory Authority rang an alarm bell regarding the burgeoning alternative mutual fund asset class in hopes that the average retail investor will do their homework before diving into these funds.

Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of 2013, according to the 2013 Money Management Executive Technology Survey.

Advisors needs and wants are moving targets and mutual fund wholesalers must constantly adjust to if they want to hit the bullseye.

Invesco PowerShares Capital Management has launched the PowerShares Global Short Term High Yield Bond Portfolio (PGHY) on the NYSE Arca.

Equity mutual fund investors added $1.5 billion while equity exchange-traded fund investors added $3.2 billion into their respective funds of choice for the week ended June 19, according to data from Lipper.

The California Public Employees’ Retirement System, the largest public pension fund in the U.S. with approximately $260 billion in assets, has made a few changes to its investment fund lineup for the system’s Supplemental Income Plans (SIP).

Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.

The first decade of the 21st Century dramatically changed the landscape for financial advisors.

Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.

Money market mutual fund’s assets dropped $25.0 billion to $2.587 trillion for the week ended Wednesday, June 19, according to the Investment Company Institute.

iShares has launched the iShares MSCI Colombia Capped ETF (ICOL) to bet on companies in the burgeoning region.

DCIO sponsors take heed.

PIMCO is teaming up retirement technology platform providers Aria Retirement Solutions and insurer Transamerica Advisors Life Insurance Company to market retirement income products to asset-based fee-only Registered Investment Advisors.

Investors pulled $13.34 billion from mutual funds for the week ended Wednesday, June 12, according to data from the Investment Company Institute.

Christian Thwaites has stepped down as president and chief executive officer of Montpelier, Vt.-based Sentinel Asset Management to pursue other opportunities, according to the firm.

Portland, Maine-based Forum Investment Advisors has launched the Forum ETF Trust, a series trust designed for independent investment advisers to launch and operate actively managed exchange-traded funds ETFs.

State Street Global Advisors, the investment research and trading arm for Boston-based State Street, said it will lose Global Equities CIO Alistair Lowe as it plans to transition toward combining various investment disciplines.