Investments

Eight mutual fund companies have been named Best In Group, winning the 2013 Lipper Fund Awards for the U.S., with TIAA-CREF and Delaware Management Company collecting the top group awards.

A year ago, Ira Cohen would await the delivery a week or so ahead of time of a 1,000-page binder of agenda items and background to prepare for board meetings of the Valued Advisers Trust.

Total estimated inflows to long-term mutual funds were $11.85 billion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.

Returns may have been good, but revenue growth overall was weak among asset management firms in 2012.

Nationwide Funds Group, the mutual fund business of Nationwide Financial, has added five new wholesalers to its sales team.

After hiring 3,597 full-time agents last year, New York Life is raising the ante, with a goal of adding 3,700 reps in 2013. Among the new hires, more than half are expected to be women or individuals who represent the “cultural markets,” as the company put it, referring specifically to the African-American, Chinese, Hispanic, Korean, South Asian, and Vietnamese communities.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

New may not always be better, but it is what the retirement industry needs right now.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

For the week ended March 6, investors steered an estimated $11.85 billion into mutual funds, up 41% from the previous week.

So how do Americans really feel about retirement saving and investing?

Back officer service provider SEI has scored an exchange-traded fund mandate.

Morningstar today reported that investors added $51.9 billion to long-term open-end mutual funds in February building on inflows of $87.2 billion in January.

Legg Mason's officially got itself a hedge fund.

Two brand name firms are prolonging their exchange-traded fund distribution venture.

More advisors say tax deferral will become increasingly important in annuity sales. In a recent poll by the Insured Retirement Institute (IRI), 28% of advisors expect tax deferral to take on greater importance in the next five years, a “notable increase” from 20% of advisors expressing this opinion in 2011.

The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record, according to Strategic Insight.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.