Investments

Investment data provider MoneyMate has hired Jason Schwarz as senior vice president of North American Sales, responsible for expanding upon the existing client base within North America.

U.S. exchange-traded fund assets totaled $1.2 trillion as of August 31 - up 16.6% year-to-date, according to State Street Global Advisors' ETF Snapshot.

Tax-exempts ended Tuesday weaker, following Treasuries, as market participants said trading activity continued to remain slow this week.

Theresa Hamacher was named to her current position as president of NICSA (the National Investment Company Service Association) in March 2008.

The Dow Jones Industrial Average rallied up another 69.07 points Tuesday to close at 13,323.36 - its highest level since December 2007. The Nasdaq inched up 0.51 points to finish at 3,104.53 while the S&P 500 added 4.48 points to finish at 1,433.56.

State Street Global Advisors has appointed Greg Ehret to a newly created position as global chief operating officer.

U.S. exchange-traded fund assets totaled $1.2 trillion as of August 31 – up 16.6% year-to-date, according to State Street Global Advisors’ ETF Snapshot.

While annuities have become more widely accepted as a vital part of a retirement strategy, there are millions of Americans who still aren't opting for them.

The Triex Tactical Long/Short Fund, a separate series of the Northern Lights Fund Trust, is shutting down on September 27.

Deutsche Bank today unveiled its growth strategy for the next three years and beyond for its U.S. mutual funds unit and other businesses.

Mark Fetting, CEO and chairman of asset manager Legg Mason, Inc., will step down at the start of next month, the Baltimore, Md.-based firm disclosed Tuesday.

ProShares this week got some good news from the United States District Court for the Southern District of New York, which dismissed, in its entirety, the class action lawsuit filed against the firm in 2009.

The departure of Chief Executive Officer Mark Fetting from embattled money manager Legg Mason has the firm reshuffling its top management in the face of a looming face-off with hedge fund manager Nelson Peltz of Trian Fund Management.

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited £9,533,100 (US$15.2 million) for failing to adequately protect its clients’ money market deposits and for failing to have controls in place to protect its money market deposits.

Advisors who don't feel like wading through reports on 9,000 hedge funds may feel more comfortable scanning information on about 40, especially if those funds have been expertly screened. Envestnet has announced a hedge fund research alliance with Fund Evaluation Group.

While a number of major carriers have exited the annuity industry due to capital constraints, continued volatility and historically low interest rates, key players contend that there is still plenty of capacity to meet growing market demand.

Touchstone Investments, a Cincinnati-based mutual fund company, completed its acquisition of 16 mutual funds from Fifth Third Asset Management.

BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.

Federated Investors has added $4.4 billion in assets by acquiring four Fifth Third money market funds and merging them into four existing Federated money market funds.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.