Investments

Bank holding companies raked in $118.4 billion in wealth management income in 2011, up 1.35% from $116.9 billion in 2010. The increase comes despite a lackluster fourth quarter, the industry’s weakest since the beginning of 2009.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling.

In the first six months of 2012 the bank handled 242 issues and $26.1 billion in par value, giving it a 13.6% share of the new issue municipal bond market by par value.

Bill Gross’ $260.9 billion Pimco Total Return Fund (PTTRX) saw inflows of some $1.36 billion last month, bringing the fund’s assets to $5.9 billion through June 30, Dow Jones reports, citing data from Morningstar Inc.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

The Dow Jones Industrial lost 8.70 points Monday to close at 12,871.39 while the S&P 500 and Nasdaq added 3.35 points and 16.18 points, respectively.

On July 2, 2012, Durango, CO-based Swan Capital management making its foray into the mutual fund space with the debut of its maiden fund, dubbed the Swan Defined Risk Fund, according to a Securities and Exchange filing.

On July 2, 2012, Think the deadline for nominating your favorite InNOVAtor has come and gone? Well, think again.

On July 2, 2012, Denver-based Janus Capital International has opened an office in Paris, its sixth office in Europe, Investment Europe reports.

Eaton Vance Investment Counsel, a subsidiary of Eaton Vance Corp., has hired William M. Gillen to the position of vice president, Business Development, responsible for enhancing EVIC's presence in the marketplace and overall marketing efforts.

On July 2, 2012, PIMCO has teamed up with Source UK Services Ltd. to launch an exchange-traded fund to bet on the German government bond market.

Education and healthcare retirement plans are using more target date funds and Roth features in their plans, according to the latest 403(b) plan sponsor survey from the Plan Sponsor Council of America.

BlackRock Asset Management's Toronto-based arm has crowned Noel Archard, the global asset management firm¹s current head of U.S. iShares, to succeed Bill Chinery as chief executive officer.

How often have sponsors had to intervene to prop up money market funds?

BNY Mellon has named financial services veteran Jeffrey Mortimer director of investment strategy for it wealth management group. He succeeds Chris Sheldon, who moved to Dreyfus in August 2011 to become the firm's chief investment officer.

Flying in the face of accepted Wall Street gospel, Mark Mulholland, founder and portfolio manager of the Matthew 25 Fund, takes a leap of faith and turns in one of the best recent performances among mutual funds.

The Salt Lake City-based bank is ramping up its wealth management business with the support of third-party marketing firm PrimeVest Financial Services.

How creative thinking can help advisors with their own retirement strategies.