Mutual funds

The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter three exchange-traded funds because of their “inability to attract sufficient investment assets.”

All of a sudden, everyone wants to give the retail investor a break.

Firms aren't done with their acquisitions for the year yet, as evidenced by Schroder Investment Management North America's deal.

The Charles Schwab Corp. has closed its acquisition of ThomasPartners.

Morningstar today reported that stock mutual funds shed another $14.1 billion in November and are on pace to surpass 2008’s record outflow of $96.7 billion.

Arden Asset Management has expanded its offerings of customized hedge fund solutions.

Putnam Investments has created a new, dedicated Defined Contribution Investment-Only website to further bolster its DCIO business.

AdvisorShares today officially announced that the Pring Turner Business Cycle ETF will open for trading on Wednesday, December 19.

BlackRock is putting the "i" into iShares.

Fiscal cliff? What fiscal cliff?

Legg Mason is buying itself an early Christmas gift.

Financial organizations are pressured to shorten monthly reporting timeframes to achieve operational efficiency and reduce the time to produce detailed financial summaries.

Exchange-traded funds have had a banner year, reaching a new peak of $1.7 trillion in assets held, at the end of November. That's a gain of 24.5%, from last year. And a doubling from four years ago.

BNY Mellon Chairman and Chief Executive Officer Gerald Hassell today unveiled several executive appointments to boost its investment management and services units.

Putnam Investments is looking to hire three defined contribution investment only wholesalers to join its DCIO sales team.

Fiscal cliff? What fiscal cliff?

State Street Global Advisors is prepping to launch a managed futures mutual fund early in 2013.

The good news for the merger and acquisitions market in 2012? Corporate profit margins have soared.

Investors sent money to municipal bond mutual funds for a sixth consecutive week, though at a decreased pace.

Charles Schwab's not the only fund firm grabbing headlines with its tech updates.