Mutual funds

Pacific Investment Management Co. has shuttered a European money market fund, citing low interest rates, Dow Jones Newswires reports.

State Street Global Advisors has launched the SPDR S&P 1500 Value Tilt ETF (VLU) and the SPDR S&P 1500 Momentum Tilt ETF (MMTM), which began trading on the NYSE Arca yesterday.

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Terri Labrecque has been named head of marketing for BNY Mellon’s Asset Servicing business, Money Management Executive has learned.

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, October 24, according to data from the Investment Company Institute.

It turns out that Jasen Snelling, the Cincinnati man who was sentenced Tuesday to 131 months in prison for running a Ponzi scheme, also ran a ‘successful” mutual fund back in the day.

This week, four funds earned Morningstar’s highest Gold ratings.

The Mutual Fund Education Alliance yesterday unveiled the winners of the 2012 STAR Awards for excellence in mutual fund marketing and communications at the Fairmont Chicago Millennium Park.

3D Asset Management today officially unveiled Vincent Leon as vice president and National Sales Manager overseeing all sales, marketing, and distribution for its Intermediary and Retirement channels.

Mutual funds saw inflows of $7.95 billion for the week ended Wednesday, October 17, according to the Investment Company Institute.

Ramius today disclosed that its Ramius Trading Strategies Managed Futures Fund (RTSIX, RTSRX) has been added to the recommended list of mutual fund products on the alternatives platform of Fortigent, a provider of high-net-worth products and consulting services to RIAs, banks and trust companies.

Boston-Determining which asset classes and markets are currently attracting the most investor attention can be a daunting task for asset managers.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund – U.S . Government Portfolio, effective October 19.

Mutual funds saw inflows of $7.95 billion for the week ended Wednesday, October 17, according to the Investment Company Institute.

T. Rowe Price Group said today that the Baltimore-based investment management company finished up 2012’s third quarter with about $574.4 billion in assets under management, marking a $32.7 billion increase over the period.

Paladyne Systems has appointed Paul Cucurullo as senior director of sales to lead and develop the Paladyne offering for long-only asset managers and investment advisors.

Marc Jimenez, former regional director for Dimensional Funds, a $240 billion mutual fund family, has joined Cambridge Southern Financial Advisors to run the firm’s new Denver office.

Principal Funds’ president and CEO Nora Everett has been elected to the Investment Company Institute's Board of Governors.

Think operations managers don't get enough respect?

AdvisorShares is currently prepping a global short selling exchange-traded fund dubbed the International Bear ETF, to launch within the next few months.