Mutual funds

Chalk this one up to bad PR.

Arrow Funds has hired an ex-Direxion exec as its new national sales director. John Cadigan joins the firm in the title role.

Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, according to the Investment Company Institute.

Flows into municipal bond mutual funds scraped and clawed into positive territory the week of May 22, at $63 million.

Berwyn, PA-based Turner Investments is looking to add emerging market exposure to its portfolio via the Turner Emerging Markets Fund.

When I was growing up, the U.S. was launching the Great Society, which sought to summon the resources of government to wipe out poverty.

Through these documents, sent out by public companies in advance of annual meetings, shareholders learn issues on the agenda, voting procedures, backgrounds of individuals nominated for the board of directors and juicy details on executive compensation.

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.

The Board of Trustees of the Tatro Tactical Appreciation Fund (TCTNX), a series of the Northern Lights Fund Trust, has decided to shut down the fund “in the best interests of its shareholders,” according to a filing.

Investors continue to pour dollars into 40’ Act products, looking for returns outside of U.S. borders and income from taxable fixed income funds.

Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, according to the Investment Company Institute.

T. Rowe Price is expanding its lineup of target-date funds.

Endurance Series Trust, a newly-formed multi-series trust, is launching its first mutual fund via Tampa-based Gator Capital Management, the fund’s advisor.

An Iowa man was sentenced to 37 years in the clink for mailing bombs and threatening letters to mutual fund managers at Janus Capital Group and American Century Cos. in a bid to influence stock prices.

Franklin Templeton Investments is closing its Frontier Markets Fund to new investors on June 28, Money Management Executive has learned.

John Hancock Funds today announced that the John Hancock Short Duration Credit Opportunities Fund (JMBAX, JMBIX) and the John Hancock Global High Yield Fund (Class A: JYGAX, JYGIX) are now available to retail investors.

Assets of all exchange-traded funds rose in April by $22.39 billion to $1.469 trillion, according to the Investment Company Institute.

Liana Magner has been appointed US Delegated DC Leader for Mercer’s Investments business.

ProShares has added a new exchange traded fund to its product stable.

T. Rowe Price is expanding its lineup of target-date funds.