Investments

Investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps, CLU, ChFC, was named president of John Hancock Financial Network (JHFN).

AdvisorShares Investments announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading tomorrow, January 26. ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets.

Guggenheim Investments announced a new open-end mutual fund offering: Guggenheim Municipal Income Fund. The fund is the latest addition to its recently expanded suite of fixed-income mutual funds..

Known as the Citi RAFI Bond Index Series, the series will include sovereign and corporate bond indices and use fundamental measures to weight the index components.

Aston Asset Management said that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Investors may be wondering where municipal bond yields are headed after they reached 45-year lows last week.

State Street Corporation said its exchange-traded fund service, Total ETF, will use cloud-based technology to fully automate the development and management of a fund from basket creation through to trade processing and settlement.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least-popular form of ETFs in 2011.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least popular form of ETFs in 2011.

The Dow Jones Industrial Average shed 33.07 points to close at 12,675.75 Tuesday while the S&P 500 trimmed 1.37 points to finish at 1,314.63.

Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

State Street Corporation announced the expansion of its global servicing capability for exchange traded funds. Now leveraging state-of-the-art cloud-enabled technology, State Street’s ETF servicing solution, TotalETFSM, drives full automation of an ETF.

BATS Global Markets (BATS announced the iShares MSCI Norway Capped Investable Market Index Fund will begin trading today on BATS Exchange, the first of nine new exchange traded funds sponsored by BlackRock to begin trading on the Exchange beginning this week

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Aston Asset Management announced that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Firsthand Technology Value Fund said that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.

Savvis has added low-latency connections to an “open access’’ exchange for interest-rate swap futures.