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On May 11, 2012, Boston-based MFS Investment Management said it set new record sales last quarter, according to its latest earnings report, issued by Canadian parent Sun Life Financial.
May 11 -
Deutsche Bank today revealed that its management board, which initiated a strategic review of its global Asset Management division on November 22, 2011, has switched gears
May 11 -
May 11, 2012: Mutual fund operators are beginning to use cloud services offered by NYSE Euronext, in its 10-month old launch of a platform for worldwide use of computing resources by financial firms.
May 11 -
On May 11, 2012, MME filed a report from the ICI GMM conference.
May 11 -
On May 11, 2012, Lipper said ETFs experienced redemptions of $6.5B for the week ended May 9.
May 11 -
On May 11, 2012, Mary L. Schapiro said the Securities and Exchange Commission intends to directly confront a new round of long-term reforms to the nations money market mutual funds.
May 11 -
Fidelity Investments has launched a pair of global equity income funds: Fidelity Global Equity Income Fund -- available directly to investors -- and Fidelity Advisor Global Equity Income Fund -- available through financial advisors.
May 11 -
May 10, 2012: ICI GMM 2012. Fidelity, Charles Schwab, MSSB, Dodge & Cox. When interest rates flip and rates start to increase, the value of bonds and funds that invest in them will get hit. And that can shock investors, said fund executives Thursday morning.
May 10 -
May 10, 2012: ICI GMM 2012. Regulators in nations around the world, including fast-developing markets, dont know quite what to make of the asset management business, fund executives said Thursday. Asset managers are considered the same as prop traders, said Christian Dargnat, CEO, BNP Paribas Asset Management.
May 10 -
May 10, 2012: ICI GMM 2012. Arianna Huffington, William McNabb, Gillian Tett debate role of media in funds industry.
May 10 -
Fidelity Investments has launched a pair of global equity income funds
May 10 -
On May 10, 2012, Rainier Investment Management, Inc., adviser to the Rainier Funds, has launched the International Discovery Fund (RAIIX).
May 10 -
Neuberger Berman has launched the Neuberger Berman Long Short Fund, designed to provide investors with a long-short investment strategy that seeks long-term capital appreciation and principal preservation.
May 10 -
ICI chief Paul Schott Stevens said Wednesday that mutual funds need to invest in commodities and derivative securities in order to manage market swings and protect everyday investors. He called new CFTC rule changes 'unwarranted, redundant and costly.'
May 10 -
Investors act emotionally, not logically, toward the securities they buy or sell.
May 10 -
Investors pulled an estimated $6.60 billion from U.S. stock funds the week ended May 2, six times the $1.17 billion they withdrew from the funds a week earlier.
May 9
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ICI chief Paul Schott Stevens said Wednesday that mutual funds need to invest in commodities and derivative securities in order to manage market swings and protect everyday investors. He called new CFTC rule changes 'unwarranted, redundant and costly.'
May 9 -
On May 9, 2012, Automated data management provider Confluence hired Melvin Jayawardana as European Fund Administration Product Manager.
May 9 -
On May 9, 2012, Neuberger Berman has launched the Neuberger Berman Long Short Fund (NLSAX, NLSCX, NLSIX), designed to provide investors with a long-short investment strategy that seeks long-term capital appreciation and principal preservation.
May 9 -
On May 9, 2012, Money Management Executive launched the 10th Annual NOVA Fund Operations Awards program, recognizing leadership and innovation in asset management firms.
May 9
