Investments

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

Boston-based MFS capped off its busy year of rebranding and global advertising by completing the move of its corporate headquarters to 111 Huntington Avenue this week.

FlexShares has launched a trio of dividend-focused equity index exchange-traded funds.

Invesco PowerShares Capital Management said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

As the market prepares to ring in 2013, municipal experts have mostly positive expectations for interest rates, credit quality, investor demand, and the viability of municipals' tax exemption in the New Year, mixed with some lingering apprehensions about the fiscal cliff and overseas turmoil.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, their biggest weekly withdrawal this year.

AdvisorShares is currently prepping to launch an alternative income exchange-traded fund in early 2013.

Invesco PowerShares Capital Management today said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.

Gemini Fund Services and Arrow Investment Advisors today unveiled their exchange-traded fund initiative, the Northern Lights ETF Trust (NLET), which will bring “innovative” ETFs to market.

Americans held $5 trillion in all employer-based DC retirement plans on September 30, of which $3.5 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

The old-school model of hiring an investment consultant to dispense advice to sponsors of pension funds and endowments about prospective investment managers is passing away.

Belinda Sherman has been promoted to president of The Huntington Investment Company, reporting to Steven Short, director of Huntington Wealth Advisors.

Investors’ penchant for income and total return and a return to equities will fuel the next wave of exchange-traded fund product innovation in 2013, according to State Street Global Advisors latest ETF report.

Wells Fargo & Co., the biggest U.S. bank by market value, bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.

All of a sudden, everyone wants to give the retail investor a break.

Asset managers are largely using social media to promote their brands, according to the latest research from Cerulli Associates.

Cornerstone Advisors has selected SEI to launch a series of multi-manager mutual funds through SEI's Advisors' Inner Circle (AIC) Fund series trust offering.

Municipal experts say 2012 turned out to be a banner year for municipal bonds — as both demand and mutual fund inflows were strong and the market hit record levels.