Investments

PIMCO's Bill Gross decided to take the active management he used to make the firm's Total Return Fund the largest mutual fund extant and apply it, with some variation, to bonds that could be traded at any time in an exchange-traded fund.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Kenneth Burd has joined Delaware Investments as vice president, head of internal sales, responsible for managing the 15-member internal sales desk, which supports the firm's retail sales efforts. Burd started his position on March 5.

On March 1, Bill Gross, co-founder of the Pacific Investment Management Company, officially crossed the line and fired his opening salvo in the exchange-traded fund business.

The Dow Jones Industrial Average moved up 16.42 points to close at 13,194.10 Wednesday. The tech-heavy Nasdaq inched up 0.85 points to 3,040.73 while the S&P 500 lost 1.67 points to end at 1,394.28.

WisdomTree Investments, Inc. is visiting the NASDAQ MarketSite in Times Square on Thursday with Western Asset Management Company, a subsidiary of Legg Mason, to celebrate the launch of the WisdomTree Emerging Markets Corporate Bond Fund.

Fixed-income funds see the biggest cash inflow.

La Jolla, Calif.-based Altegris is looking to beef up its managed futures mutual fund, dubbed the Altegris Managed Futures Strategy Fund, a fund of funds, by adding two more managers to its stable.

Qualified accounts, such as 401(k)s and IRAs, retained 42.5% of the $37.6 billion that flowed into the accounts for a net asset inflow of $22.4 billion.

Investment manager Eaton Vance has named Laurie Hylton as chief financial officer and Daniel Cataldo as treasurer. They both replace Robert Whelan, who has left the company.

Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.

The actively managed fund will hold commodity, natural resources and REIT securities. It will diversify those with about a 10% allocation to gold, and a fixed-income piece.

Americans feel optimistic about their immediate financial future and accept responsibility for their own financial security, according to a new CFP Board survey.

Data can be volatile on a month-to-month basis, but the signs are still pointing toward growth.

CME Group said it will start offering “one-pot” margining of positions in interest-rate swaps and futures, beginning May 7.

Kip Meadows, founder and acting chairman of Nottingham Investment Administration which services more than $25 billion in assets for mutual funds and asset managers, shares his thoughts on the shrinking fund administration field and hedge funds' gravitation towards the mutual fund business.

San Francisco, Calif-based Forward Management, LLC today unveiled its latest offering, the Forward Managed Futures Strategy Fund, a systematic, trend-following vehicle that will bet long and short exposure on liquid futures contracts in commodities, equities, bonds and currencies.

Unable to shed a downward trend that first began early last year, ownership of municipal bonds by households fell to the lowest level in two years as it continued to decline in the fourth quarter of 2011, according to quarterly data recently released by the Federal Reserve Board.

Nearly one out of four pension plan participants invest solely in target-date funds, according to new research released from The Vanguard Group—a six-fold increase over the past five years. Further, adoption of these funds among new plan participants is even higher, with 64% of employees entering plan for the first time with a single target-date fund.