Investment products

The rich are different from everyone else: They may need different insurance policies.

OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.

So called “value-add” programs and tools from vendors are getting the attention of financial advisors and influencing their behavior, according to a new study, but still leave much to be desired.

Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.

Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

The current run up in equities is indeed producing passionate arguments for both approaches, with advisors, managers and commentators from across the financial spectrum weighing in.

Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, according to the Investment Company Institute.

Annuity providers generated $51.7 billion in sales in the first quarter, down 6% from a year earlier.

Direxion Funds' CEO Dan O'Neill examines new products and strategies that will be the next phase in the evolution of ETFs.

There is a way to be invested in stocks that can help mitigate volatility: Employ an investment strategy that seeks to take advantage of global stock market inefficiencies to profit in both up and down markets.

Salient Partners has made a new addition to its institutional sales team.

Credit Suisse has filed with the SEC to launch the Gold and Income Strategy Fund, which will be available in institutional shares

Barry Evans has been named president of John Hancock Asset Management North America.

New rules being considered for U.S. money-market mutual funds will make them safer for investors while forcing some smaller providers out of the business, Moody’s Investors Service analysts said this week in a research report.

To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds.

Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund.

Tax-exempt money market funds had a hard time holding onto what little inflows they regained last week as $1.72 billion exited the industry and total net assets settled at $258.36 billion in the week ended May 13, according to The Money Fund Report, a service of iMoneyNet.com.

Guggenheim Investments filed with the Securities and Exchange Commission to register the Emerging Markets Bond Strategy Fund, part of the Rydex Series Funds.

Stock and bond funds, including exchange traded funds, maintained a strong pace of net inflows in April, according to fund industry researcher Strategic Insight (SI).