Mutual funds

Morningstar will begin offering credit rating data from Fitch Ratings, the third-largest credit rating firm in the U.S.

If much of human nature comes down to a struggle between greed and fear, then the mutual fund industry is proving itself very human, at least in regards to creating exchange-traded funds.

Equity mutual fund investors pulled $1.3 billion from their accounts (their fifth straight week of outflows), while equity ETF investors made a U-turn from the previous week's withdrawal numbers and added a $12.1 billion to their accounts for the week ended Sept. 12.

A managed futures stalwart is making its way into the mutual fund world via a trust.

ALPS Advisors this week revealed that it is teaming up with Goldman, Sachs & Co. to collaborate on exchange-traded products. ALPS will license Goldman Sachs’ proprietary indices, which will be used as benchmarks to create exchange traded funds.

Like beauty, "risk" is often in the eye of the beholder. What might seem "risky" to one person (such as traveling to an exotic destination) might be an exciting adventure for someone else.

Fund administrator Gemini Fund Services has new leadership in place, new headquarters in New York, and is making strides in the alternative mutual fund and exchange-traded fund arenas.

Two firms—Legg Mason (LM) and American Century Investments—both reported assets under management that showed assets growing, and in one case, reaching an all-time high.

Investment advisory firm Segal Rogerscasey has hired David Pappalardo as head of the firm's Advisors Solutions Group, a unit that provides access to Segal Rogerscasey’s institutional-quality research through financial intermediaries.

Equity mutual fund investors pulled $1.3 billion from their accounts (their fifth straight week of outflows), while equity ETF investors made a U-turn from the previous week’s withdrawal numbers and added a $12.1 billion to their accounts for the week ended Sept. 12.

Emerging markets shop Mirae Asset Global Investments (USA) is looking to corner the distribution market using the term “Great Consumer” for its funds

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE’s Archipelago Exchange.

Janus Capital Group is growing its defined contribution investment only unit with addition of Ruben Gonzalez as a retirement director, Money Management Executive has learned.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

ING U.S.’s Retirement business has hired Jamie Ohl as president of Tax-Exempt Markets for the company’s institutional retirement operations.

Thomas McDonnell, the long-time chief executive of beleaguered financial services software company DST Systems, is retiring from the company at the end of this year.

Long-term mutual funds took in $3.11 billion for the week ended Sept. 5, according to the Investment Company Institute.

ETF managed portfolios—those that typically have more than 50% of portfolio assets invested in ETFs—are one of the fastest-growing segments of the managed account sector, according to a newly released Morningstar report.

Third Avenue Management has named David Resnick as president and a member of its investment team.

Long-term mutual funds took in $3.11 billion for the week ended Wednesday, September 5, according to the Investment Company Institute.