The boom in exchange traded funds appears to have come to an end.
In the biggest shakeout thus far, 25 exchange traded funds already have closed this year, indicating that this fast-growing sector of the fund industry may be settling down.
A generous portion of commodities and no exposure to financial services company stocks was the recipe for success among equity managers for the 12-month period ended June 30, according to Morningstar Inc.'s separate-account/commingled-fund database.
The second quarter hasn't been kind to mutual funds that focus on the life insurance sector.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
Fifteen HealthShares exchange traded funds will close as part of a reorganization of the 19 HealthShares ETFs.
Sales were up 3.1% from June, but down 13.2% from the same month a year ago, according to NAR.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
The wild popularity of 130/30 funds notwithstanding, recent analysis of the unique long-short strategy suggests that advisers would be wise to check under the hood for a closer look at the portfolio and not just jump in to the latest marketing craze.
Pacific Investment Management Co. is raising fees as of Oct. 1 on the institutional share classes of several funds.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.
The cost of doing business increased to a 26-year high while housing starts crumbled to a 17-year low.
