Mutual funds

Asset manager and fund administrator North Trust Corp. announced a number of leadership changes, including the hiring of David Fox Jr. as head of Northern’s Corporate & Institutional Services (C&IS), for the Americas. Also, Northern Trust Vice Chairman and Management Group member Sherry Barrat will retire at the end of June.

Americans held $4.5 trillion in all employer-based DC retirement plans on December 31, 2011, of which $3.1 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

Morningstar’s fund analysts have assigned a Gold rating to just one fund in the past weeks: T. Rowe Price Tax-Free High-Yield (PRFHX).

Morningstar's fund analysts have assigned a Gold rating to just one fund in the past weeks: T. Rowe Price Tax-Free High-Yield (PRFHX).

Money market mutual fund assets dropped by $15.20 billion to $2.590 trillion for the week ended Wednesday, April 4, according to data from the Investment Company Institute.

Olney, M.D.-based Arrow Investment Advisors has named Joseph Cunningham to the newly created role of Director of Capital Markets.

Socially responsible investing has increasingly become hot over the past five years.

A federal judge has declared that Fidelity Investments and the American uni

Here is what investors get told, before investing in one set of exchange-traded notes:

Norwood, Mass.-based W.E.Donoghue & Co., Inc. has struck up a distribution deal with Mutual of Omaha’s Retirement Plans Division to distribute its Power Income Fund to retirement plan participants.

Federated Investors, Inc. is acquiring $5 billion of money market assets from four Fifth Third money market funds and merging them into four existing Federated money market funds.

“I am very excited about this transaction. In addition to increasing our assets under management, it gives us some new and interesting fund offerings, and access to a premier distribution system,” says Steven M. Graziano, president of Touchstone.

Just five months after agreeing to buy Old Mutual Asset Management’s funds from the firm’s U.S. mutual fund business, Cincinnati, Ohio-based Touchstone Advisors today revealed that it is acquiring the assets of 16 mutual funds from Fifth Third Bancorp.

There were 7,693 mutual funds at the end of February 2012, according data from the Investment Company Institute.

The Exchange Traded Products (ETP) industry recorded its best ever start to a year, attracting net new assets of $67.3billion in the first quarter of 2012, a 57% increase over the $42.8billion gained in the first quarter of 2011, according to the Q1 2012 ETP Landscape Report released by BlackRock. The first quarter 2011 figure had previously been the best annual start on record.

Investors continue to spurn mutual funds that invest long-term in U.S. stocks, according to the latest statistics from the Investment Company Institute. For the week ended March 28, investors pulled $3.53 billion from domestic stock funds, the largest weekly outflow so far this year.

Investors continue to spurn mutual funds that invest long-term in U.S. stocks. For the week ended March 28, investors pulled $3.53 billion from the funds, the largest weekly outflow so far this year.

Bank of Montreal Global Asset Management has moved its defined contribution business away from its Institutional Trust services arm and given it a new brand name, BMO Retirement Services.

Natixis Global Asset Management (NGAM) has launched international hedged equity fund from Gateway Investment Advisers, LLC (Gateway), designed to play a conservative, risk-managed role in a portfolio allocation to international equity.

There were 7,693 mutual funds in February 2012, so how do women-managed funds find a way to stand out in this $12 trillion industry?