Investments

Money market mutual funds gathered $23.82 billion for the week ended Wednesday, July 10, increasing their overall assets to $2.620 trillion, according to the Investment Company Institute.

The Hartford is liquidating its Money Market Fund on September 27, according to the firm.

A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

REITs “have been one of, if not the biggest contributors” to the underperformance and volatility in mortgage bonds, said Bryan Whalen, co-head of mortgage bonds at Los Angeles-based TCW Group Inc., which oversees about $131 billion of assets.

Investment pitches by entrepreneurs and hedge funds may get a higher public profile on television, through social media and even at sporting events following the lifting of an 80-year-old rule by U.S. securities regulators.

Mutual funds had outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.

Dozens of lawmakers are urging House leaders to reject proposals to eliminate or cap the exclusion for tax-exempt bonds.

Following last month's historic sell-off, the municipal market offers solid fundamentals and the most compelling value since 2011, additionally bolstered by the strong demand from July and August reinvestments and the demand from crossover buyers, BlackRock Inc. said in its July municipal report.

F-Squared Investments has appointed Paul Gamble as head of F-Squared Retirement Solutions, responsible for F-Squared's customized and private labeled target date strategies and funds, collective trust funds and sub-advisory partnerships in the retirement market.

Nuveen Asset Management’s Chief Equity Strategist and Senior Portfolio Manager Bob Doll is taking on a new slate of funds including traditional, specialty, and alternative funds.

iShares has expanded its suite of iSharesBonds with four new corporate term exchange-traded funds, including the iSharesBond 2016 Corporate Term ETF (IBDA), iSharesBond 2018 Corporate Term ETF (IBDB), iSharesBond 2020 Corporate Term ETF (IBDC) and the iSharesBond 2023 Corporate Term ETF (IBDD).

Mutual funds experienced outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.

In June, U.S. exchange-traded fund outflows topped $10 billion, as investors withdrew $6.2 billion from fixed income ETFs and $6 billion from emerging market ETFs, according to State Street Global Advisor’s latest ETF Snapshot report.

The Deloitte Center for Financial Services has added Lynette DeWitt as a research manager, focused on asset management.

Francis Picarelli has been promoted from vice president to senior vice president at consulting shop Segal RogerCasey.

Advisors remain very bullish on U.S. equities and plan to allocate a greater percentage of their clients’ portfolios to the asset class over the next six months, according to a new survey by Aberdeen Asset Management.

The Vanguard Group had its first monthly redemptions in almost 20 years in June as investors sold bond funds in anticipation of the Federal Reserve scaling back its asset purchases.

The Boston company said it is realigning to better serve advisors in the independent, bank, broker-dealer and family office channels.

Purveyors of the Iron Horse Fund (IRHAX/IRHIX), a mutual fund deploying a signature covered call investment strategy, have announced a reduction in fees for the fund.

State Street Global Advisors is making a few changes to its lineup.