Mutual funds

In May, stock and bond mutual funds, including exchange-traded funds attracted $56 billion of net inflows bringing total net intake for the first five months to about $350 billion, according to data from Strategic Insight.

At the fund family level, Vanguard Group once again led all providers with more than $11 billion in flows, according to data from Morningstar.

DCIO shops are converging this week in New York to showcase their wares and portfolio managers to advisors.

The United Services Automobile Association, first created as a means for army officers to insure their automobiles more than 91-years ago, has been taking a number of steps into retirement plan portfolios.

Within the past month, a number of mutual fund shops have embarked on branding campaigns.

The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.

Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.

Within the past month, a number of mutual fund shops have embarked on branding campaigns.

RiverPark Funds is closing the RiverPark Short Term High Yield Fund (RPHIX, RPHYX) to new investors on June 21.

J.P. Morgan Asset Management's U.S. money market funds will begin disclosing their daily and weekly liquid assets online each business day as of the prior business day, effective June 18, 2013, according to the firm.

Ridgefield, Conn.-based Simple Alternatives, an alternative mutual fund shop, has added two more long/short managers to its flagship S1 Fund (SONEX), a multi-manager, long/short equity mutual fund.

MainStay Investments is looking to give its retirement business a boost by offering additional non-revenue share class (R6 Shares) for six funds, effective June 17.

The TCW Group has added Joseph Carieri as head of U.S. institutional distribution and marketing, responsible for all marketing activities and initiatives related to the institutional investor community.

While liquid alternative assets grew double-digits last year within the wirehouse segment, the asset class has also seemingly hit a wall.

The amount of money investors have withdrawn from municipal bond mutual funds, at $1.61 billion for the week of June 12, continues to climb and break records for the year.

The first decade of the 21st Century dramatically changed the landscape for financial advisors.

Delaware Investments’ Optimum Large Cap Growth Fund (OCLGX ) is dropping Marsico Capital Management, as a sub-adviser to the fund on June 19, according to a regulatory filing.

Delaware Investments has added Steven Landis as an emerging markets debt portfolio manager to the firm’s total return fixed income group. Landis comes to Delaware Investments from FH International Asset Management, where he was a PM for emerging markets debt strategies.

The U.S. exchange-traded funds market is primed to double up on its current $1.5 trillion in assets to the tune of more than $3.5 trillion in assets over the next five years, according to iShares’ latest forecast.

The Securities and Exchange Commission has settled an enforcement proceeding against eight former directors of five Morgan Keegan open- and closed-end funds that were heavily invested in securities backed by subprime mortgages.