Mutual funds

Invesco PowerShares Capital Management today announced that its PowerShares Fundamental suite of exchange-traded funds recently passed the $5 billion in assets under management mark.

Woodland Hills, Calif.-based Guinness Atkinson Asset Management has appointed Frank Zukowski to the position of national sales director, focusing on serving the RIAs and Bank Trust channels.

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.

Newly-formed mutual fund shop New York-based Wavelength Capital Management is looking to catch the mutual fund wave with its own proposed offering, dubbed the Wavelength Interest Rate Neutral Fund.

John Hancock today announced a new management fee breakpoint for the John Hancock Global Absolute Return Strategies Fund (JHAAX) and a decreased breakpoint in the management fee schedule for the John Hancock Sovereign Investors Fund (SOVIX).

Greenwich, Conn.-based AQR Capital Management is currently prepping to launch another alternative mutual fund to add to its growing family.

Christine Carolan has been appointed by Mercer Investments to the role of Investment Director for the Western region of the U.S.

Who is Steve Darcis?

Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.

Mutual funds and exchange-traded funds are both pooled investment solutions that can successfully offer an advisor's strategies to a larger group of investors.

Bill Gross’s Pimco Total Return Fund (PTTRX), the world’s largest mutual fund, absorbed a record $9.9 billion in net redemptions last month as investors fled bonds in anticipation of the Federal Reserve scaling back its purchases.

BlackRock this week finalized its buy of Credit Suisse's exchange traded funds business, in a move that makes BlackRock's iShares platform the largest in the region.

Update -- Andrew McMenigall and Toby Wallace, two executives at Aberdeen Asset Management Plc, were killed in a traffic accident while taking part in a charity bicycle ride across Britain.

Global exchange-traded funds and exchange-traded products last month experienced outflows for the first time in two years losing $3.98 billion.

In investors' epic search for yield, one strategy in particular has risen to the top this year: loan participation mutual funds and ETFs.

Investors yanked $28.54 billion from long-term mutual funds were $28.54 billion for the week ended Wednesday, June 26, according to the Investment Company Institute.

Aberdeen Asset Management is mourning the loss of Andrew McMenigall, a senior investment manager in the global equity team based in Edinburgh, Scotland and Toby Wallace, a senior relationship manager in its Philadelphia office, who were yesterday involved in a fatal cycling accident in Cornwall, England.

Investors yanked $28.54 billion from long-term mutual funds were $28.54 billion for the week ended Wednesday, June 26, according to the Investment Company Institute.

In investors' epic search for yield, one strategy in particular has risen to the top this year—loan participation mutual funds and ETFs.

Acquisitions are on the mind ofJeff Montgomery, who took over the helm of AFAM Capital at the height of the financial crisis in 2008.