Mutual funds

Long-term funds took in $4.5 billion in the week ended March 9, the Investment Company Institute said.

PIMCO will begin building new headquarters in Newport Beach, Calif., in late summer, with completion scheduled for the end of 2013. Architect Henry Cobb is designing the office, and Irvine Co. is building it.

Global X Funds has launched two new exchange-traded funds, the Global X Pure Gold Miners ETF and the Global X Oil Equities ETF.

As the general public becomes increasingly familiar with hedge funds, a new investment approach is unfolding: the mutual fund that employs hedge fund strategies.

The U.S. and Singapore were co-valedictorians in a new Morningstar report released on Friday as both countries earned "A" grades on a report card that measured the overall experience of mutual fund investors based on a variety of factors including taxation, transparency and investor protection.

Although they have little trust in financial advisers, young American investors feel they are well-educated about handling their own budgets and are optimistic about the future.

Fidelity Investments’ operating profit rose 17% in 2010 to nearly $3 billion, up from $2.51 billion in 2009, driven by strong mutual fund sales and brokerage business. The company released the information in its annual report to private shareholders.

The U.S. and Singapore were co-valedictorians in a new Morningstar report released Friday as both countries earned "A" grades on a report card that measured the overall experience of mutual fund investors based on a variety of factors including taxation, transparency and investor protection.

Lazard Asset Management has launched two new fixed income funds, the Lazard Emerging Markets Debt Portfolio and the Lazard U.S. Municipal Portfolio.

Loomis Sayles has launched the Loomis Sayles Absolute Strategies Bond Fund, which Natixis Global Advisors will distribute in the U.K. and Europe.

The fund will invest in money market and investment-grade debt.

Tax-exempt money market funds saw modest inflows of $639.9 million in the week ended March 7, increasing total net assets to $323.67 billion, according to the Money Fund Report, a service of iMoneyNet.com.

The fund will invest in money market and investment-grade debt.

The campaign showcases three of the firm’s top-performing funds.

Whether they call it "aggressive recruiting" or poaching, financial services companies across the board are predicting the practice will intensify in the coming year, forcing many of them to sweeten their offers and actively seek out skilled professionals both within and outside the industry.

The dispersion of performance between best and worst performers narrows.

Equity funds see inflows of $2.53 billion, down from $6.42 billion the week before.

Transamerica Asset Management, having completed its adoption of the TS&W International Equity Portfolio, has re-introduced the fund as the Transamerica TS&W International Equity Fund.

Harbor Funds has launched the Harbor Flexible Capital Fund, managed by Marsico Capital Management.

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