Mutual funds

For the week ended Nov. 20, investors yanked an estimated $7.51 billion from U.S. stock funds, bringing total outflows to more than $131 billion for the year.

Mutual funds experienced outflows of some $5.52 billion for the week ended Tuesday, November 20, according to the Investment Company Institute.

Exchange-traded funds hit a speed bump last month after coasting through much of the year in the black.

Compass EMP Funds announced today that it has increased its fund lineup more than fivefold with the launch of 13 new mutual funds.

Portland, Ore.-based alternative mutual fund shop Bandon Capital Management has added Terry Swenson as Managing Principal, responsible for the firm’s distribution strategy in intermediary channels.

The Nationwide Funds Group is taking two tacks to drive growth of assets: eliminate redemption fees and buying funds, including some from UBS.

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Direxion has merged its websites for Direxion Funds and Direxion Shares to give its advisors and investors a one-stop online shopping destination.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds.

Loomis, Sayles & Company has added Peter Frick as an emerging markets debt portfolio manager alongside co-managers Edgardo Sternberg and Dave Rolley.

New research from Cerulli Associates finds that passive mutual fund assets have increased 95% since 2008, jumping from $572 billion in 2008 to $1.1 trillion through the first half of this year.

The Wilmington Rock Maple Alternatives Fund has dropped Whitebox Advisors as one its many subadvisors, Money Management Executive has learned.

Contrarian shop Dreman Value Management is nixing its lineup of five mutual funds citing a lack of investor interest, increasing operating costs and a tougher regulatory landscape.

A year ago, Morningstar introduced its forward-looking analyst ratings system for the mutual funds it covers in the United States.

Nuveen Investments has added equities veteran Bob Doll to its asset management team.

The Investment Company Institute, noting its disagreements with outgoing Securities and Exchange Commission chairman Mary L. Schapiro, lauded the “record of accomplishment” of the woman nominated to succeed her.

Legg Mason has joined as one of a handful of firms to win approval from the Securities and Exchange Commission to launch active exchange-traded funds.

President Obama has nominated commissioner Elisse B. Walter, a critic of the mutual fund industry, to succeed Mary L. Schapiro as chairman.

Say howdy to Salient Partners L.P.'s new master limited partnerships and energy infrastructure fund.

Securities and Exchange Commission Chairman Mary L. Schapiro said she will leave her office before the end of the year.