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On the first day of June, the Dow Jones Industrial Average dropped 1.95%, the Standard & Poor's Index 2.18% and the and Nasdaq Composite Index 2.5%. In effect, stock market gains for the year were wiped out. The reason: Jobs.
June 8 -
On June 8, 2012, mutual funds, ETFs experienced outflows of $8 billion.
June 8 -
With Apple shifting its entire retirement plan portfolio to ETFs, will more follow?
June 8 -
June arrived on a positive note for tax-exempt money market funds, which accumulated $1.19 billion in new cash while total net assets rose to $273.64 billion in the week ended June 4, according to the Money Fund Report, a service of iMoneyNet.com.
June 8 -
The tax-exempt market may have experienced a sizable backup in yields on the week, but muni bond mutual funds still saw robust inflows.
June 8 -
On June 7, 2012, Apple is creating a lot of buzz in the retirement and exchange-traded product space and not because of a new product launch.
June 7 -
On June 7, 2012, Denver-based Curian Capital, LLC added of four new executives to the product development and asset management teams.
June 7 -
On June 7, 2012, Novato, CA-based Hennessy Advisors, Inc. signed an agreement with FBR Fund Advisers, Inc. to buy the entire family of 10 FBR Funds.
June 7 -
A majority of advisors surveyed are willing to recommend sustainable investments, formerly known as socially responsible investments, making the potential markets as big as $650 billion, according to a survey by the Calvert Foundation.
June 7 -
On June 7, 2012, Boston-based Fred Alger & Company, Inc. ramped up its sales force with two new additions.
June 7 -
Normally, outsourcing operations at a fund firm is a top-down process.
June 7 -
On June 6, 2012, Financial services software giant SunGard launched a service for international fund trading, dubbed the SunGard Global Network Funds solution.
June 6 -
On June 6, 2012, American Century Investments named Peter Cieszko, senior vice president North America, to its management committee, the seven-person senior leadership team that oversees all key functional areas of the company.
June 6 -
On June 6, 2012, Eaton Vance Corp. hired Michael T. Dirstine as vice president, Institutional Business Development, responsible for developing relationships with corporate and select public pension plans, endowments, foundations and other institutional investors.
June 6 -
On June 6, 2012, The Securities and Exchange Commission charged OppenheimerFunds Inc. and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.
June 6 -
Mutual funds managed to recover somewhat from the massive $4.9 billion outflow they endured mid May by posting the smallest weekly infusion so far this year.
June 6 -
Insurance companies and broker-dealers sold $7.4 billion million in annuity products in April, down from $7.7 billion in March, the Depository Trust & Clearing Corporation announced.
June 6 -
On June 6, 2012, Alternative mutual fund shop Equinox Fund Management, LLC hired BNP Paribas Financial Services to administer its Frontier Fund, a public managed futures family of funds.
June 6 -
On June 6, 2012, Putnam Investments unveiled a new office in Beijing, representing the firms first foothold in China.
June 6 -
On June 6, 2012, PIMCO added two more bond funds, the PIMCO California Municipal Bond Fund and the PIMCO National Intermediate Municipal Bond Fund, to its portfolio.
June 6
