Investments

Exchange-traded funds gathered record net inflows of $107 billion through the end of May 2013, which is 31% higher than the $82 billion in net flows at this time in 2012, according to data from ETGI.

The Securities and Exchange Commission on Wednesday unanimously agreed to propose reforms for money market funds to make them less susceptible to runs, such as those that occurred in 2008 when Reserve Primary Fund "broke the buck" and investors pulled $300 billion from other prime money market funds.

Separately managed accounts and alternative funds are poised for growth and fund firms need to be on top of their social media game to participate in the growing mutual fund space, according to a new report by Curian Capital.

Although many in the industry have tipped active exchange-traded funds as the breakthrough product of 2013, this may be wishful thinking, according to a new study by Cerulli Associates.

Global exchange-traded product flows reached $26.5 billion in May, the second strongest month this year, according to BlackRock’s latest ETP Landscape Monthly Snapshot.

In an environment of transparency and volatile capital markets, you would think exchange-traded fund vehicles would hold more of a percentage in the $3.6 trillion retirement plan marketplace.

“There’s a huge shift this year from last year in overall optimism from the advisors,” says Mark Schoenbeck, senior vice president of marketing for Curian Capital, the asset management firm that conducted the 2013 Curian Capital Survey. “It was a pretty big swing.”

Mutual funds firms are no longer novices at harnessing the marketing potential of Facebook and Twitter, and have, at least incrementally, been learning to successfully reach investors through social media channels.

Financial advisors are setting aside their doubts and embracing the recovery.

In an environment of transparency and volatile capital markets, you would think exchange-traded fund vehicles would hold more of a percentage in the $3.6 trillion retirement plan marketplace.

Calamos Investments today officially unveiled its Calamos Long/Short Fund (CALSX; CCLSX; CILSX; CRLSX). Money Management Executive previously reported on the fund’s launch.

“Planners only have so many hours in the day,” Accenture's Kevin Boyle said. “So, [they need to consider] which managers do they really want to spend their times learning, getting close to and spending time advising their clients about.”

Fred Alger Management has expanded its investment lineup by launching the Alger International Growth Fund (AIGIX) and the Alger Global Growth Fund (CHUSX).

Deutsche Asset & Wealth Management has launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) and the db X-trackers Regulated Utilities Fund (UTLT).

Bank of America Corp. and Wells Fargo & Co. were ordered to pay about $5.2 million in fines and restitution by the Financial Industry Regulatory Authority over sales of loan funds.

Nuveen Investments today announced its Nuveen Symphony Credit Opportunities Fund (NCOIX) I shares class received a 5-star Morningstar Rating.

The rich are different from everyone else: They may need different insurance policies.

Global exchange-traded product flows reached $26.5 billion in May, the second strongest month this year, according to BlackRock’s latest ETP Landscape Monthly Snapshot.

PIMCO's Bill Gross said the Federal Reserve’s zero-bound interest rate policy and quantitative easing programs are becoming more of a problem for an economy that needs structural reforms.

OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.