Investments

Minneapolis-based Riverbridge Partners has launched its first mutual fund, the Riverbridge Growth Fund, to bet on U.S. equities across all market capitalizations.

CLS Investments has appointment of Brian Clark as a wholesaler, covering Southern California, parts of Nevada, and all of Utah.

Vanguard has dismissed one of the advisors on its $6.8 billion Vanguard International Value Fund (ticker: VTRIX).

The current economic recovery, while slow, is on track. Fiscal cliff fears have been grossly exaggerated, to the detriment of investors and planners. And sometimes there’s an upside to a modest recession.

Boston-based Lee Munder Capital Group is currently prepping an alternative mutual fund to launch in April.

U.S. exchange-traded fund assets increased by $292.7 billion or 28% in 2012, in part driven by positive cash flows of $182.6 billion, marking a new all-time high for the industry on the eve of its 20th anniversary, according to data from State Street Global Advisors.

More municipal bond investors have shown an affinity for actively managed muni ETFs.

Inflows returned to the market for municipal bond mutual funds with a vengeance, at $1.55 billion for the week ended Jan. 9.

Lincoln Financial Group has selected the FireLight platform to automate and streamline its annuity applications.

Add one more fund firm to the growing list of transparent money market fund providers.

Beyond the usual New Year's resolutions such as to lose weight and exercise, asset managers should resolve to use technology to enable change and innovation in 2013.

Goldman Sachs says it will begin publishing values of the assets held in its money market mutual funds in the United States on a daily basis.

With $30 million and four liquid alternative ETFs now under its belt, QuantShares is looking to grow. Its game plan? Expand distribution and launch new funds. 

Somehow, it came unexpectedly.

January 23 marks the 20th anniversary of the exchange-traded fund industry, started with the launch of the SPDR S&P 500 fund, rolled out by State Street Global Advisors.

"If the data do not prove that indexing wins, well, the data are wrong."

US exchange-traded fund assets increased by $292.7 billion or 28% in 2012, in part driven by positive cash flows of $182.6 billion, marking a new all-time high for the industry on the eve of its 20th anniversary, according to data from State Street Global Advisors.

Bill McNabb, chief executive officer of the Vanguard Goup, is starting 2013 with a bang.

Et tu, Ned Johnson?

Principal Funds is expanding its sales team with a new position.