Investment funds

For the week ended Nov. 28, investors pulled an estimated $481 million from U.S. equity funds, a fraction of the $7.5 billion withdrawn a week earlier and the smallest weekly outflow since mid-July.

Montage Investments has added Giralda Advisors and the Giralda Fund to its fund family.

Compass EMP Funds is moving its three multi-asset class funds to a new trust.

Huntington Bank has named Gregory Forbes as Senior Vice President for business development for Huntington Asset Services. Forbes will focus on expanding market share in servicing larger fund companies and institutional clients.

Cambiar Investors, LLC is giving investors early Christmas gifts this year.

The Litman Gregory Masters Smaller Companies Fund has made a roster change.

IndexIQ has announced today that it plans to close the IQ Emerging Markets Mid Cap ETF.

BlackRock’s latest November 2012 ETP Landscape Report paints a rosy picture for exchange-traded products heading into the New Year.

OppenheimerFunds today officially closed the book on its acquisition of SteelPath Capital Management and SteelPath Fund Advisors.

Gemini Fund Services has announced that its Two Roads Shared Trust, which launched in April, will soon include alternative mutual funds from Alternative Road Investment Advisers, Belvedere Asset Management, and LJM Funds Management.

Phoenix -- David Blitzer, managing director, S&P 500 Dow Jones Indices, took home the lifetime achievement award at The William Sharpe Indexing Achievement Awards Ceremony held today at IMN’s newly-named Global Indexing & ETFs conference (formerly the Super Bowl of Indexing Conference) in sunny Phoenix, AZ.

The NASDAQ OMX Group has launched the NASDAQ Global Index Family, which represents more than 98% of the global equity investable marketplace and will result in the development of 24,000 indexes.

MountainView Securities, a broker/dealer focused on the fixed income markets, has hired Amber Lindsay as Managing Director of Fixed Income Sales.

For the better part of two years, Mary Schapiro told anyone who would listen that the federal government could not afford another bailout and that the money market mutual fund industry would have to backstop itself.

Ben Johnson, who has led Morningstar’s passive fund research in Europe and Asia, has been named director of passive fund research globally.

Think you've got your target-date planning down pat? Think again.

Looks like the "ETF fee war" is waging on.

With the proliferation of exchange-traded funds, the products have become more complicated, suggesting possible pitfalls for the average investor.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds. But Neil Hennessy of Hennessy Funds insists equity mutual funds are the way to go.

Rep. Barney Frank, D-Mass. has introduced a bill that would merge the Securities and Exchange Commission and the Commodity Futures Trading Commission to form the Securities Derivatives Commission.