Mutual funds

Mainstay Investments has augmented its alternatives offerings with two hedge fund-of-funds.

BlackRock has named Russ Koesterich as Chief Investment Strategist, responsible for communicating the firm’s investment strategy and perspective on the markets and economy to investors and financial advisors.

Charles Schwab has announced yet another new solution for companies to improve their business operations.

Guardian Insurance & Annuity Company, Inc. has expanded its capabilities as a retirement services provider.

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets.

With over 25,000 open-ended mutual funds available for sale in the United States, it is more difficult than ever to stand out from the crowd.

Fidelity has decided to put the brakes on two funds and fold them into a 3-star rated fund.

Negative investor sentiment still plague mutual funds and ETFs, which both saw outflows in the week ended Nov. 14.

It's not surprising that risk management and cost containment remain high priorities for fund companies and service providers.

With over 25,000 open-ended mutual funds available for sale in the United States, it is more difficult than ever to stand out from the crowd.

Atlantic Fund Services has a new business director.

Negative investor sentiment still plague mutual funds and ETFs, which both saw outflows in the week ended Nov. 14.

Fidelity has decided to put the brakes on two funds and fold them into a 3-star rated fund.

The Board of Trustees of Natixis Funds Trust I has decided to liquidate the Absolute Asia Dynamic Equity Fund, according to a Securities and Exchange Commission filing.

Touchstone has much to be thankful for going into the holidays next week with a special three-year anniversary for five of its funds.

The PIMCO Global Multi-Asset fund dropped one notch to a Bronze rating from a Silver rating, while the BlackRock Small Cap Growth Equity fund jumped one notch to a Neutral rating, exiting Negative territory, according to Morningstar.

FTSE Group is furthering its relationship with Vanguard by licensing two more indices: the FTSE Canada High Dividend Yield Index and the FTSE Canada All Cap Real Estate Capped 25% Index, to Vanguard as the basis of two new exchange-traded funds to be listed on the Toronto Stock Exchange.

PIMCO continues to dominate the active exchange-traded funds space in terms of assets and market share.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

Expect significant technological advancements from Charles Schwab & Co., Inc. in 2013.