Mutual funds

Total estimated inflows to long-term mutual funds were $3.26 billion for the week ended Wednesday, June 27, according to data from the Investment Company Institute.

Assets in US-listed exchange-traded funds and exchange-traded notes totaled some $1.18 trillion at the end of June, an increase of 7% over June 2011 month-end, when assets totaled $1.11 trillion, according to data from the ETF Industry Association.

For the week ended June 27, investors pulled an estimated $1.46 billion from mutual funds that invest long-term in U.S. equities, down 21% from the previous week’s $1.85 billion outflow.

Last month, the Board of Trustees of John Hancock Funds II - International Opportunities Fund approved Invesco Advisers, Inc. as the new subadviser effective July 20, according to a Securities and Exchange Commission filing.

William Blair & Co. has turned off the spigot on the William Blair International Growth Fund and Institutional International Growth Fund, effective June 30.

When it comes to sector exchange-traded funds, know what you're buying.

William Blair & Company has turned off the spigot on the William Blair International Growth Fund and Institutional International Growth Fund, effective June 30.

On July 3, 2012, Last month, the Board of Trustees of John Hancock Funds II - International Opportunities Fund approved Invesco Advisers, Inc. as the new subadviser effective July 20, according to a Securities and Exchange Commission filing.

On July 3, 2012, Boston-based MFS Investment Management is looking to beef up its internal sales team in light of its recent rebranding efforts, according to Jim Jessee, president at MFS Fund Distributors, Inc., the distribution arm of the firm’s U.S. fund business.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

Bill Gross’ $260.9 billion Pimco Total Return Fund (PTTRX) saw inflows of some $1.36 billion last month, bringing the fund’s assets to $5.9 billion through June 30, Dow Jones reports, citing data from Morningstar Inc.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

On July 2, 2012, Durango, CO-based Swan Capital management making its foray into the mutual fund space with the debut of its maiden fund, dubbed the Swan Defined Risk Fund, according to a Securities and Exchange filing.

On July 2, 2012, Think the deadline for nominating your favorite InNOVAtor has come and gone? Well, think again.

On July 2, 2012, Denver-based Janus Capital International has opened an office in Paris, its sixth office in Europe, Investment Europe reports.

Eaton Vance Investment Counsel, a subsidiary of Eaton Vance Corp., has hired William M. Gillen to the position of vice president, Business Development, responsible for enhancing EVIC's presence in the marketplace and overall marketing efforts.

On July 2, 2012, PIMCO has teamed up with Source UK Services Ltd. to launch an exchange-traded fund to bet on the German government bond market.

How often have sponsors had to intervene to prop up money market funds?

Flying in the face of accepted Wall Street gospel, Mark Mulholland, founder and portfolio manager of the Matthew 25 Fund, takes a leap of faith and turns in one of the best recent performances among mutual funds.