Mutual funds

Is Legg Mason leaning towards making a run at private equity?

A new survey by Ceres, an advocate for sustainability leadership, gives a pat on the back to three fund companies for supporting the majority of shareholder resolutions filed with companies on climate change and a slap on the hand to six others for not supporting a single resolution.

John Hancock has implemented new breakpoints for three mutual funds, effective June 1.

Total estimated inflows to long-term mutual funds were $1.48 billion for the week ended Wednesday, May 29, according to the Investment Company Institute.

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.

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.

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.

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.

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.

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.

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.

ING U.S. announced last week that the underwriters in its initial public offering have exercised their overallotment option to purchase approximately 9.8 million additional shares of ING U.S. from ING Group at the IPO price of $19.50 per share.

This was one initial public offering that NASDAQ executives sure didn't "like".