Investment products

For the week ended November 14, investors pulled an estimated $6.6 billion from mutual funds that invest long-term in U.S. equities, bringing total outflows for the year to more than $123 billion.

Risk tolerance in the younger U.S. mutual fund investor set has returned to the level seen before the financial crisis of 2008, according to research from the Investment Company Institute.

USAA Asset Management is so committed to bringing its equity fund business in-house that it is bidding adieu to two subadvisors.

Koesterich will be responsible for communicating the firm’s strategy and market outlook to investors and financial advisers, New York-based BlackRock said today in a statement. Koesterich will report to Ken Kroner, global head of the firm’s multi-asset strategies group.

There are a host of reasons why emerging market debt has been looking sweeter to investors.

Negative investor sentiment still plague mutual funds and ETFs, which both saw outflows in the week ended Nov. 14.

Total money market mutual fund assets decreased by $2.54 billion to $2.575 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

McNabb said that his firm has been lowering the cost on its products for more than 35 years and the fact that the firm exists “puts pressure on other providers to do likewise”.

Investors added $27.7 billion to long-term open-end funds in October, according to data from Morningstar. Taxable-bond funds led the way with inflows of $29.6 billion, while U.S.-stock funds saw outflows of $8.3 billion.

Despite the volatility of the last few years and the continued economic malaise in much of the developed world, global stocks are still attractive, according to executives at Morgan Stanley.

U.S. Treasury Secretary Timothy Geithner yesterday urged the Securities and Exchange Commission to pursue new rules for money-market mutual funds, triggering fresh opposition from industry leaders who had beaten back similar proposals and are pursuing a weaker overhaul.

Retail and institutional investors are making bets contrary to their investment goals, according to new research.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

Total estimated outflows from long-term mutual funds were $488 million for the week ended Wednesday, October 31, according to data from the Investment Company Institute.

After 28 straight weeks of inflows to muni bond funds, the market saw outflow for the week ended Oct. 31. Funds that report their flows weekly recorded outflows of $123 million for the week ended Oct. 31, Lipper FMI numbers show.

Credit conditions in China warrant special attention in light of the country's considerable size and systemic importance to the global economy.

Planner confidence gaining, assets shift further into equities from cash

Goldman Sachs is calling it quits in Brazil, Korea and India.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.