Investments

Securities and Exchange Commission Chairman Mary Schapiro answered Paul Scott Stevens’ volley with one of her own in front of the Committee on Banking, Housing, and Urban Affairs of the United States Senate.

Columbia Management launched the Columbia Risk Allocation Fund (CRAAX).

The tax-exempt money market sector saw a moderate decrease in cash in the week ended June 18 as $801.2 million exited the funds and total net assets settled at $271.40 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Muni bond indexes were mixed on the week as the need to put truckloads of reinvestment money to work pushed investors to buy munis even while yields sat at barrel-scraping levels

On June 22, 2012, Columbia Management this week launched the Columbia Risk Allocation Fund (CRAAX).

The Dow Jones Industrial Average tumbled 250.82 points Thursday to finish at 12,573.57 while the Nasdaq and S&P 500 fell 71.36 points and 30.18 points, respectively.

On June 21, 2012, Gary Motyl, former chief investment officer of Templeton Global Equity Group and president of Templeton Investment Counsel, LLC, died suddenly on June 18, reports the Miami Herald.

Unlike funds that target clean tech or alternative energy, the new ETF will focus on a broader universe of companies that have the goal of making money.

“Investors seem to equate investing with gambling,” said George C.W. Gatch of J.P. Morgan Asset Management, and they “have begun to doubt the power of diversification.”

On June 21, 2012, Securities and Exchange Commission Chairman Mary Schapiro today answered Paul Scott Stevens’ volley with one of her own in front of the Committee on Banking, Housing, and Urban Affairs of the United States Senate.

The Chinese gambling industry, the U.S. housing market and banking companies’ corporate debt are among growth areas in a difficult investment environment, a panel of money managers said at the Morningstar Investment Conference.

On June 21, 2012, Nationwide Funds Group delivered some welcoming news to its investors.

On June 21, 2012, Paul Schott Stevens, president and chief executive officer of the Investment Company Institute, gave his perspectives on money market reforms today in front of the Committee on Banking, Housing, and Urban Affairs in Washington, DC.

On June 21, 2012, Susan L. Wagner, a founding partner of BlackRock, is retiring as a Vice Chairman of BlackRock and has been elected to BlackRock’s Board of Directors.

Now alternative mutual funds will be rated in similar fashion to its more traditional counterparts.

Omaha, Neb., based Catalyst Funds has launched what it touts as “the first legal insider trading mutual fund."

On June 21, 2012, now alternative mutual funds will be rated in similar fashion to its more traditional counterparts.

Ever wonder how a Morningstar analyst develops a mutual fund rating? The process can take as long as six weeks and involves a littany of questions about people, process, parent, performance and price.

Ever wonder how a Morningstar analyst develops a mutual fund rating?

The Dow Jones Industrial Average lost 12.94 points Wednesday to close at 12.824.39 after the Fed said it would extend “Operation Twist,” but offered little else to assuage the concerns of anxious investors.