Mutual funds

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps, CLU, ChFC, was named president of John Hancock Financial Network (JHFN).

AdvisorShares Investments announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading tomorrow, January 26. ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets.

Guggenheim Investments announced a new open-end mutual fund offering: Guggenheim Municipal Income Fund. The fund is the latest addition to its recently expanded suite of fixed-income mutual funds..

Aston Asset Management said that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least popular form of ETFs in 2011.

Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

State Street Corporation announced the expansion of its global servicing capability for exchange traded funds. Now leveraging state-of-the-art cloud-enabled technology, State Street’s ETF servicing solution, TotalETFSM, drives full automation of an ETF.

BATS Global Markets (BATS announced the iShares MSCI Norway Capped Investable Market Index Fund will begin trading today on BATS Exchange, the first of nine new exchange traded funds sponsored by BlackRock to begin trading on the Exchange beginning this week

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Aston Asset Management announced that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Firsthand Technology Value Fund said that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.

Even as the company sets out on a second round of cost-cutting in Project New BAC, chief executive officer Brian Moynihan said the company considers Wealth Management one of its core businesses – and will increase efforts to build it up.

Investors are getting fixated on fixed income, in the next wave of global investing. A Q&A, with Gregory E. Johnson, new Chairman of theInvestment Company Institute

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Vanguard Chief Investment Officer Gus Sauter challenged the exchange-traded fund industry to be responsible in developing new products and also called for greater efforts to educate investors about ETFs.

Investors are getting fixated on fixed income in the next wave of global investing. Here's a Q&A with Gregory E. Johnson, the new chairman of the Investment Company Institute.

SEC OKs NYSE Merger; e ETFs Grow 20.6 Percent; Investors Venture Back Into Stock Mutual Funds

You've heard of structured products. These largely were complex securities based on lots of streams of cash in underlying loans whose flows were not well predicted. There was a credit crisis associated with them in 2008.

Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.