Mutual funds

Total money market mutual fund assets dropped by $27.47 billion to $2.595 trillion for the week ended Wednesday, April 17, according to the Investment Company Institute.

BlackRock said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

UBS Global Asset Management (Americas) is liquidating its Money Market Fund in June.

The job market in asset management may not be back to pre-crisis levels, but hiring will likely pick up after second quarter earnings reports, says recruiter George Wilbanks, president of Wilbanks Partners.

Three research analysts at Harris Associates, adviser to The Oakmark Funds, have been appointed co-managers of the Oakmark Equity and Income Fund (OAKBX).

BlackRock’s iShares is taking a stab at actively managed exchange-traded funds by expanding its Factor exchange traded fund line-up on two fronts.

Northern Trust is adding three FlexShares funds to its quality dividend fund (QDF) suite.

Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.

BMO Asset Management U.S. is furthering its reach into the retirement market.

Minneapolis-based Whitebox Advisors has hired Mike Coffey as Head of Distribution for the firm’s mutual funds.

BMO Asset Management U.S. is furthering its reach into the retirement market.

TIAA-CREF has launched the TIAA-CREF International Opportunities Fund (TIOIX, TIOTX, TIOSX, TIOPX), which it touts as the company's first actively managed mutual fund focused on international stocks in both developed and emerging markets.

Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.

Nationwide Financial is getting into the retirement market.

ING has announced that the share price on its IPO will be between $21.00 to $24.00 per share for a maximum of 64,166,667 shares of common stock offered.

The Vanguard Group is swapping target benchmarks for nine of its funds.

Janus Capital Group has appointed Michael Stern as regional sales director to spearhead the expansion of Janus’ intermediary distribution and sales in New York City.

Eaton Vance has proposed a new form of fund that is a hybrid between a mutual fund and an exchange-traded fund, called an exchange-traded managed fund (ETMF).

Eaton Vance Corp has hired Bob Cunha as Managing Director of Marketing and Distribution Strategy, responsible for leading Eaton Vance's marketing efforts across all distribution channels, including the company's brand positioning and media relations efforts.