Investments

An agreement reached in the Lehman Brothers liquidation proceedings could pave the way for customers of the failed brokerage to see 100% recovery without using any fund advances from the U.S. Securities Investor Protection Corp.

U.S. mutual fund investors spurred equity funds for the eighth consecutive week, withdrawing $2.4 billion from the funds for the week ended Oct. 4.

Abigail Johnson, the president of Fidelity Financial Services, the parent company of mutual fund giant Fidelity Investments, is on a roll.

In spite of all the worries about investor sentiment amidst a sluggish recovery, assets in mutual funds and ETFs both hit record highs in August, with $8.8 trillion and $1.2 trillion, respectively., according to Cerulli.

Total money market mutual fund assets dropped by $11.64 billion to $2.564 trillion for the week ended Wednesday, October 3, according to the Investment Company Institute.

The Long Short Interest Rate Strategy Fund is getting a new facelift.

Discounted mutual fund investing platform provider SaveDaily is now offering open-end mutual fund and exchange-traded fund data from Morningstar.

Multi-manager shop Virtus Investment Partners has unveiled a new manager, Newfound Investments, which will expand Virtus' offerings to include rules-based strategies to manage a variety of asset classes.

Exchange-traded funds may be “here to stay” but the need for education continues, according to the 2012 ETF Investor Study by Charles Schwab.

SEC member Dan Gallagher said Thursday “we’re going to see’’ whether there is now a majority of commissioners ready to vote in favor of a floating net asset value for shares of money market mutual funds.

iShares has launched the first ETF to offer exposure to global AAA- and AA-rated government bonds.

Touchstone Investments has hired BNY Mellon as its accounting and administration, transfer agency and blue sky service provider for four additional Touchstone funds.

Investors have stepped up their flight from mutual funds that invest in stocks.

PIMCO is currentlly crossing the T’s and dotting the I’s on its latest offering, the PIMCO Mortgage Opportunities Fund.

Three ING funds are bidding their subadvisor, Tradewinds Global Investors, adieu.

Investor confidence dropped slightly in the third quarter of 2012, according to the John Hancock Investor Sentiment Index, released Wednesday by John Hancock Financial Services.

Federated Investors is looking to take its fixed income prowess across the pond with the help of Bury Street Capital, a London-based investment marketing and distribution firm whose clients include leading global pension funds and wealth managers throughout Europe.

ImpactAssets, a nonprofit financial services company, introduced its annual database of fund managers who invest for maximum social, environmental and financial impact.

Based on conversations with more than 20,000 professionals, a new white paper proposes five natural starting places where planners can look for members of the 80 million-person-strong Generation Y, which will account for the next generation of financial planning clients.

Mutual fund executive John Mattera, of Fort Lauderdale, Fla., pleaded guilty this week to three criminal counts, including conspiracy, securities fraud and wire fraud, in connection to an $11 million scam involving the sale of non-existent private shares in companies such as Facebook (FB) and Groupon (GRPN).