Investors withdrew money last month from Vanguard Group's emerging markets exchange-traded fund, the industry's largest, after the firm said it would replace the fund's index.

The good news for the merger and acquisitions market in 2012? Corporate profit margins have soared.

OppenheimerFunds today officially closed the book on its acquisition of SteelPath Capital Management and SteelPath Fund Advisors.

While most companies seem hesitant to spend their cash, at least one company is eager to take advantage of sluggish market activity to grow.

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Could the dismal European economy actually be "good" for anyone?

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets.

s Vanguard engaged in a fee war in the mutual fund space?

Parametric Portfolio Associates, a Seattle-based subsidiary of Eaton Vance Corp., has agreed to acquire the business of The Clifton Group Investment Management Company, a Minneapolis-based provider of futures- and options-based overlay services and custom risk management products to institutional investors.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

The NASDAQ's parent group is acquiring a new index provider.

Neil Bathon, founder of Fuse Research Network, has big plans for the research shop.

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Wells Fargo Advisors Financial Network has added four practices.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund – U.S . Government Portfolio, effective October 19.

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