Mutual funds

Advisors need to address asset location strategies for their clients.

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

On June 29, 2012, Last week, the Board of Trustees of Trust for Professional Managers approved a reorganization of the Marketfield Fund, an equity and fixed income long/short mutual fund, into the MainStay Marketfield Fund, a newly created series of MainStay Funds Trust.

On June 29, 2012, BlackRock Asset Management¹s Toronto-based arm has crowned Noel Archard, the global asset management firm¹s current head of U.S. iShares, to succeed Bill Chinery as chief executive officer.

On June 29, 2012, St. Paul, Minn.-based Advantus Capital Management is adding an institutional share class of the Advantus Strategic Dividend Income Fund to its lineup within the next three months.

On June 29, 2012, PIMCO’s founder this week gave his readers a bit more than his usual insights on the state of the market.

On June 29, 2012, Education and healthcare retirement plans are using more target date funds and Roth features in their plans, according to the latest 403(b) plan sponsor survey from the Plan Sponsor Council of America.

On June 29, 2012, Charles Schwab yesterday rolled out the first version of the new Schwab Advisor Center app for the iPhone for independent investment advisors who custody assets with Schwab Advisor Services.

Pioneer Investments has made a series of new hires and promotions that are part of its plan to increase its U.S. retail sales team by approximately 25% in 2012.

Tax-exempt funds continued to see negative flows as $1.12 billion fled the funds and total net assets settled at $270.27 billion in the week ended June 25, according to The Money Fund Report, a service of iMoneyNet.com.

On June 28, 2012, Los Angeles-based TCW has hired David Loevinger as managing director and sovereign analyst in the Emerging Markets Group.

On June 28, 2012, Pioneer Investments has made a series of new hires and promotions that are part of its plan to increase its U.S. retail sales team by approximately 25% in 2012.

On June 28, 2012, Assets of all exchange-traded funds fell in May by $71.42 billion, or 6% to $1.116 trillion, according to data from the Investment Company Institute.

On June 28, 2012, The $387 million, 4-Star Buffalo Science and Technology Fund (BUFTX) will be renamed the Buffalo Discovery Fund effective June 29.

As of March 31, U.S. retirement assets totaled $18.9 trillion, up 6.3% from $17.8 trillion in the previous quarter.

New York-based American Independence Financial Services, LLC announced it will become principal portfolio manager for its Large Cap Value strategy, including the American Independence Stock Fund.

Trustmark Corp. in Jackson, Miss., announced Wednesday it is selling eight mutual funds with roughly $903 million of assets to Federated Investors of Pittsburgh and its subsidiaries.

As regulators and investors impose increasingly stringent transparency and reporting requirements, asset managers face new challenges in all aspects of data management.

On June 27, 2012, Federated Investors, Inc. has agreed to buy some $903 million in assets, including about $571 million in money market fund assets from Trustmark Investment Advisors, Inc., Trustmark National Bank and Performance Funds Trust.

On June 27, 2012, New York-based American Independence Financial Services, LLC today revealed that effective June 29, the RIA team led by Richard "Rick" Baird would become principal portfolio manager for its Large Cap Value strategy, including the American Independence Stock Fund.