Investments

Investors withdrew money last month from Vanguard Group’s emerging-markets exchange-traded fund, the industry’s largest, after the firm said it would replace the fund’s index.

Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.

Global exchange-traded fund and exchange-traded product assets reached an all-time high of $1.9 trillion at the end of November 2012, according to figures from ETFGI’s monthly global ETF and ETP industry insights.

Americans 55 and older are far more likely to favor peace of mind over a high-reward/high-risk investment strategy.

A new report from mutual fund research firm Strategic Insight offers non-U.S. asset managers insights designed to help them enter the U.S. market and succeed.

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week ended Nov. 28, investors pulled an estimated $481 million from U.S. equity funds, a fraction of the $7.5 billion withdrawn a week earlier and the smallest weekly outflow since mid-July.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

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

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

Investors withdrew money last month from Vanguard Group Inc.’s emerging-markets exchange-traded fund, the industry’s largest, after the firm said it would replace the fund’s index.

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.

“[A] segment of wealth managers appear to live in denial, clinging to investment methodologies that have patently failed twice over the past decade and are likely to fall short again,” the authors of a white paper accompanying the survey results wrote.

Industry wide, however, annuity sales dropped slightly in the third quarter, according to a report by Morningstar and Beacon.

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.