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. 

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.

It's been more than three years since the Securities and Exchange Commission adopted a new rule requiring boards to disclose whether and how they go about recruiting more diverse directors.

Ft. Lauderdale, FL-based Community Capital Management, which bills itself as a fixed income impact investing manager, has named Barbara VanScoy to the new position of chief impact investment officer.

Chicago-based Driehaus Capital Management is liquidating its Driehaus International Credit Opportunities Fund (DRCIX) after a year of less-than-stellar performance.

Attention fund managers: Want to know if your fund is the best of the best among 401(k) plans?

Should mutual funds be backing off on holdings in gun and armament makers?

Value Line Funds, a $2 billion mutual fund complex, has changed the name of two of its mutual funds “to better reflect their investment objectives and strategies.”

Word to the wise sponsor when it comes to target-date funds: No, not any QDIA will do, and bigger companies aren't always better.

State Street Global Advisors has appointed Maria Dwyer as chief risk officer, effective immediately.