Mutual funds

Mutual funds experienced total estimated inflows of $2.05 billion for the week ended Wednesday, October 3, according to the Investment Company Institute.

PineBridge Investments is getting out of the mutual fund business.

For the week ended Oct. 3, investors yanked an estimated $10.6 billion from U.S. stock mutual funds, bringing total outflows for the year to more than $103 billion.

The Investment Company Institute’s Board of Governors has elected ICI Chairman Greg Johnson, president and chief executive officer, Franklin Resources, to serve an additional one-year term.

MainStay Investments earlier this month finalized the adoption of the MainStay Marketfield Fund (MFLDX; MFADX).

More than half (52%) of all institutional investors around the world plan to rethink over the next decade the traditional way they’ve always allocated the assets under their control, according to the results of a survey by Pyramis Global Advisors.

State Street Global Advisors—through SPDR ETFs, the firm’s exchange-traded funds platform— has launched the first ever ETF in Europe to track the S&P 500 Low Volatility Index.

Eleven months ago, Pacific Investment Management renewed its contract with State Street to manage its investment operations, on an outsourced basis.

Curian Capital has hired Amy Temkin as vice president of strategic accounts to lead Curian’s Strategic Accounts team on driving sales and forming long-term strategic with broker-dealers.

ICI president and CEO Paul Schott Stevens and ICI Global Managing Director Dan Waters today fired back at IOSCO’s report on money market funds that includes a number of regulatory recommendations.

The exchange-traded funds industry continues to boom, as assets under management topped a record $1.29 trillion as of the end of the third quarter of this year, according to the ETF Snapshot: September 2012, from State Street Global Advisors.

Goldman Sachs Asset Management (GSAM) hired Andrew “Buddy” Donohue, the former head of the U.S. Security and Exchange Commission's Division of Investment Management as its deputy general counsel.

MFS has unveiled its new brand advertising featuring the theme "Investment Management for Investment Managers."

Mercer Hammond has added a trio of national segment leaders to service three major components of the US investments market.

Well, that didn't take long.

The online supplier of financial information said it is beginning to market a variety of analytical services for valuing and determining the risks of particular bonds that are derived from the Aladdin platform built by BlackRock.

A little more than a decade ago, when Deloitte put together its first fair valuation survey, our goal was to help mutual funds benchmark their valuation policies and procedures against others in the industry, as well as to highlight the different approaches we saw. Based on the initial flurry of responses we received, we realized we had hit on something unique.

This week, two funds that are “on fire” and “peer shellacking” garner Gold ratings from Morningstar while another fund snags a bagel and a Negative rating for failing to deliver on its mandate.

An agreement reached in the Lehman Brothers liquidation proceedings could pave the way for customers of the failed brokerage to see 100% recovery without using any fund advances from the U.S. Securities Investor Protection Corp.

U.S. mutual fund investors spurred equity funds for the eighth consecutive week, withdrawing $2.4 billion from the funds for the week ended Oct. 4.