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Money market mutual funds ended their 18-week losing streak as investors sought the safety of cash in increasingly volatile markets. Total money fund assets rose by $24.23 billion to $2.878 trillion for the week ending May 12, according to the Investment Company Institute.
May 14 -
Declining annuity premiums mean insurers may have to rethink their annuities products in order to survive, according to a report by Scott Hawkins, vice president and insurance analyst at Conning Research & Consulting in Hartford, Conn.
May 14 -
Fidelity Investments has launched a corporate bond fund with retail and adviser shares.
May 13 -
Nearly 58% of asset management firms are using hybrid wholesalers as they increase in scale and opportunity, according to a new study from the New York research firm kasina.
May 13 -
T. Rowe Price is gaining new market share as banks and other intermediaries move to a fees-and-advice model, and as the mutual fund company makes a concentrated push overseas to rebuild its assets under management.
May 13 -
Wealth management veteran, Lawrence E. Gore, joined Wilmington Trust as the newest managing director and senior private client advisor for the company’s wealth advisory services business in the Northeast. He will work out of the firm’s New York office.
May 13 -
According to monthly data assets held in U.S. exchange-traded funds rose 2.9% from a month earlier to $830 billion.
May 12 -
Recent revelations such as those involving Goldman Sachs demonstrate that when it comes to investing, many commercial banks, pension funds, endowments and other institutions are not sophisticated.
May 12 -
The Securities and Exchange Commission and the Commodity Futures Trading Commission have created a joint panel to study last Thursday's mysterious "flash crash," as well as other emerging regulatory issues.
May 11 -
Supreme Court nominee Elena Kagan filed a briefing with the high court last year asking it not to accept an appellate decision affirming the Gartenberg standard in the Jones vs. Harris Associates case.
May 11 -
Evidently, less is not more when it comes to investment advice in 401(k) plans.
May 11 -
Fidelity has promoted Abigail Johnson, president of personal and workplace investing, to president, personal, workplace and institutional services—effectively in charge of all distribution channels, and hired BNY Asset Management President and CEO Ronald P. O’Hanley to head asset management and corporate services.
May 11 -
In retirement, employees will need 15.7 times their final pay when factoring in inflation and postretirement medical costs, according to a study by Hewitt Associates.
May 10 -
A majority of online investors polled by web-based brokerage firm TradeKing have a more bullish stance on the stock market for the rest of this year.
May 10 -
New rules and technology, trends among Baby Boomers and the Great Recession have led to a burst in Roth individual retirement account conversions.
May 10 -
WASHINGTON—The Financial Industry Regulatory Authority is preparing to take enforcement action against certain firms for selling municipal bonds to retail customers without disclosing material information, including that the bonds’ credit ratings had been spiraling downward, a FINRA official said Thursday.
May 10 -
PALM DESERT, Calif.—The Securities Industry and Financial Markets Association is in discussions with the Securities and Exchange Commission and the Financial Industry Regulatory Authority to establish the first-ever licensing, training and continuing education program for operations executives at financial firms.
May 10 -
WASHINGTON -- Despite the enormous weight of proposed regulations bearing down on the financial services industry, mutual funds are taking the issue in stride, focusing on their core strengths of transparency, diversity and customer service.
May 10 -
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PALM DESERT, Calif. — Shortly after the chief systemic risk officer of the Depository Trust and Clearing Corporation warned attendees at a securities operations conference Wednesday here that Greece's crisis was a systemic problem, the Dow plunged 1,000 points.
May 10
