Mutual funds

Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012. 

For the first time in nine weeks, muni bond funds that report flows weekly recorded outflows for the week of March 6, at $97 million.

OppenheimerFunds has launched the Diversified Alternatives Fund (ODAAX), a fund of funds that has exposure to the firm’s alternative mutual funds.

Total money market mutual fund assets dropped by $16.70 billion to $2.646 trillion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Morningstar has handed out some extra gold stars.

The SEC and the IRS have met to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.

The Touchstone Global Real Estate Fund is getting a new sub-advisor.

J.P. Morgan Asset Management today launched the 2013 edition of its Guide to Retirement to help advisors with their retirement practices.

Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012. 

Goldman Sachs Asset Management has launched the Goldman Sachs World Bond Fund (GWRAX)—a core bond strategy that bets on fixed income securities and currencies across the developed and emerging markets.

Neuberger Berman has appointed Hirofumi Gomi, former commissioner of the Financial Services Agency (FSA) of Japan, as executive adviser of its East Asian operations, effective March 1.

What's State Street Global Advisor's next big destination for expanding its retirement business? 

In an effort to expand its “investment abilities in international equity markets”, Fred Alger Management has hired a team of experts from Allianz Global Investors, the New York-based firm announced Tuesday.

Forbes has compiled its list of the world's billionaires http://www.forbes.com/billionaires/ and a few mutual fund executives have made the cut.

Last month, exchange-traded funds and exchange-traded products globally had net inflows of $11.4 billion, according to ETFGI.

For the week ended Feb. 27, investors pulled an estimated $1.13 billion from U.S. stock mutual funds, giving the funds their first weekly outflow this year.

In the first seven weeks of the year, $30 billion has flowed into equity mutual funds.

In first seven weeks of the year, $30 billion flowed in to equity mutual funds.

It's been two years and a half since Scout Investments purchased Columbus, Ind.-based fixed income shop Reams Asset Management. Now it's ready to buy more.

South Korea-based Mirae Asset Global Investments has just named to its US subsidiary, Mirae Asset Global Investments (USA), a new chief executive officer, president and chief operating officer, effective immediately.