Mutual funds

So it almost looked like the six-month-long nightmare in funds flowing out of mutual funds that invest in U.S. stocks, long-term, was ending.

Money market funds continue to waive big chunks of their management fees as yields on cash instruments remain too low to charge the full amount.

According to BlackRock, if broker-dealers end up losing money on those fees, they will eventually compensate by serving clients on advisory programs called wrap accounts.

To further round out its index fund and ETF offerings across multiple asset classes, Vanguard has introduced the Vanguard Global ex-U.S. Real Estate Index Fund, which will also have an exchange-traded fund share class.

Dupree Funds is launching a taxable municipal bond fund this week, just the second effort at creating a mutual fund devoted to Build America Bonds.

Global X Funds has launched the Global X Gold Explorers ETF, which it says is the first exchange-traded fund to invest in gold exploration companies.

Bond funds attract $5.31 billion of new money in the week.

Aston Asset Management, in partnership with Crosswind Investments as sub-advisor, has launched the Aston/Crosswind Small Cap Growth Fund.

With close to $2.16 billion of assets, the fixed-income fund can be managed in a nimble style — increasing and decreasing positions without moving the market to its detriment.

Jensen Portfolio tops the list of domestic, large-cap funds

The combined assets of the nation’s mutual funds increased by $486.2 billion, or 4.5%, to $11.267 trillion in September, as investors continued to add to long-term bond funds and pull money out of stock and money market funds, the Investment Company Institute said Thursday.

Investors pull a net $11.6 billion from stock funds during the month, but assets still rose 9.3% thanks to market appreciation.

If your clients’ eyes glaze over at the mere mention of money markets, remind them of the dark days when these safe investments were suddenly risky.

The funds invest in TIPS and shorter-duration bonds.

Equity fund pull in more than twice as much as the previous week.

USAA has launched two funds that address inflation and interest rate concerns.

The new European Union hedge fund passport rule the European Parliament is soon to vote on, will permit all hedge funds, including those in the U.S., to operate throughout all of Europe’s 27 nations—but it would also subject them to the strict compensation rules.

CMG Capital Management Group has selected American Independence Financial Services to managed the tactical fixed income portion of its absolute return managed accounts and Absolute Return Mutual Fund.

The Hartford’s Canadian fund business is comprised of 18 mutual funds. The deal is expected to close in December.

Outflows among tax-exempt money market funds rose to $2.31 billion in the week ending Oct. 18, causing total net assets to recede to $327.99 billion, according to the Money Fund Report, a service of iMoneyNet.com.