Mutual funds

On June 19, 2012, Invesco hired OneTick OneMarketData to perform customized transaction cost analysis analytics on its executions.

On June 19, 2012, State Street Global Advisors began trading the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) and the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) began trading on the NYSE Arca.

On June 19, 2012, J.P. Morgan Asset Management launched a multi-asset unit headed by Seth Bernstein, who will oversee the new effort as Global Head of Asset Management Solutions, reporting to Mary Erdoes, CEO of J.P. Morgan Asset Management, according to an internal memo.

On June 19, 2012, Fidelity Investments sent a letter to the European Commission on its Green Paper on Shadow Banking detailing the Commission’s use of the term as “confusing” and “misleading”.

On June 19, 2012, Huntington Asset Advisors, Inc. revealed that it is launching actively-managed ETFs via its new ETF family, Huntington Strategy Shares.

Change is in the air for one of the world's oldest asset management fund shops.

On June 19, 2012, additional regulation of money-market mutual funds could increase short-term borrowing costs for state and local governments, leading municipalities to raise taxes or cut spending on infrastructure and other critical projects, according to a paper released Monday by a Georgetown University professor.

Yes, Washington, D.C., there is a market where large blocks of stock get traded. It's called Liquidnet.

On June 18, 2012, Eileen Rominger, Director of the Division of Investment Management at the Securities and Exchange Commission, will be retiring in July.

On June 18, 2012, change is in the air for one of the world's oldest asset management fund shops.

On June 18, 2012, Morningstar, Inc. unveiled several appointments within its fund analyst research team.

On June 18, 2012, Schroders appointed Tiffani Potesta, as Head of Advisory Sales within the US Key Accounts team, reporting to Erin Brenner, Head of Intermediary Key Accounts.

On June 18, 2012, Northern Trust named William J. Huber and Mark C. Gossett as co-heads of Global Foreign Exchange, effective July 2.

On June 18, 2012, middle market private equity shop LLR Partners has made an investment in Ultimus Fund Solutions, LLC, a Cincinnati, Ohio-based independent provider of fund accounting, administration, distribution, transfer agent and shareholder services to the mutual fund industry.

The Northern Light Fund Trust and certain members of its current and former trustees as well as an unnamed chief compliance officer have received a “Wells notice” from the U.S. Securities and Exchange Commission.

Want exposure to social media? There's an exchange-traded fund for that. How about airlines, hedge funds and frontier markets? There are ETFs for those too.

On June 15, 2012, the Matthews Asia Dividend Investor Fund (MAPIX), a 5-star rated offering, also garnered Morningstar’s Gold rating this week.

On June 15, 2012, total money market mutual fund assets decreased by $10.68 billion to $2.554 trillion for the week ended Wednesday, June 13, according to the Investment Company Institute.

The Foreign Account Tax Compliance Act (FATCA) is likely to radically alter how asset managers conduct business on a global scale. With final regulations to be issued in July, financial institutions must then take immediate steps to prepare for this game-changing legislation or risk stiff fines.

Mutual funds logged another brutal week, posting a third overall outflow this year, according to the Investment Company Institute.