Investments

The Dow Jones Industrial Average shed 25.35 points Monday to finish at 12,741.82 while the Nasdaq and S&P 500 added 22.53 points and 1.94 points, respectively.

On June 18, 2012, Eileen Rominger, Director of the Division of Investment Management at the Securities and Exchange Commission, will be retiring in July.

On June 18, 2012, change is in the air for one of the world's oldest asset management fund shops.

On June 18, 2012, Morningstar, Inc. unveiled several appointments within its fund analyst research team.

On June 18, 2012, Schroders appointed Tiffani Potesta, as Head of Advisory Sales within the US Key Accounts team, reporting to Erin Brenner, Head of Intermediary Key Accounts.

Advisors are more committed than ever to helping clients with their retirement income planning but they still face a host of challenges.

On June 18, 2012, Northern Trust named William J. Huber and Mark C. Gossett as co-heads of Global Foreign Exchange, effective July 2.

On June 18, 2012, middle market private equity shop LLR Partners has made an investment in Ultimus Fund Solutions, LLC, a Cincinnati, Ohio-based independent provider of fund accounting, administration, distribution, transfer agent and shareholder services to the mutual fund industry.

The Northern Light Fund Trust and certain members of its current and former trustees as well as an unnamed chief compliance officer have received a “Wells notice” from the U.S. Securities and Exchange Commission.

Want exposure to social media? There's an exchange-traded fund for that. How about airlines, hedge funds and frontier markets? There are ETFs for those too.

Jim Swanson, chief investment strategist at MFS Investment Management, shared his views on the muni market in 2012's second half, legislative issues affecting the market, overall volume and his prognosis on mutual fund flows and performance.

Want exposure to social media? There's an exchange-traded fund for that. How about airlines, hedge funds and frontier markets? There are ETFs for those too.

On June 15, 2012, the Matthews Asia Dividend Investor Fund (MAPIX), a 5-star rated offering, also garnered Morningstar’s Gold rating this week.

On June 15, 2012, total money market mutual fund assets decreased by $10.68 billion to $2.554 trillion for the week ended Wednesday, June 13, according to the Investment Company Institute.

The Foreign Account Tax Compliance Act (FATCA) is likely to radically alter how asset managers conduct business on a global scale. With final regulations to be issued in July, financial institutions must then take immediate steps to prepare for this game-changing legislation or risk stiff fines.

Mutual funds logged another brutal week, posting a third overall outflow this year, according to the Investment Company Institute.

You're sure you read it right: Apple was to launch an "all-ETF 401(k) plan" for its employees.

On June 15, 2012, the Northern Light Fund Trust and certain members of its current and former trustees as well as an unnamed chief compliance officer received a “Wells notice” from the U.S. Securities and Exchange Commission.

On June 15, 2012, long-term mutual fund inflows fell to $14.1 billion in May, down from $24.1 billion in April and the smallest haul for the year to date, according to Kevin McDevitt, Editorial Director at Morningstar.

On June 15, 2012, Manulife Financial said that Craig Bromley will be appointed senior executive vice president and general manager, U.S. Division, and president of John Hancock Financial Services, effective September 1.