A study found that about 60% of new fund sales through intermediaries last year didn’t have front-end sales loads.
International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Creating what may be a new product category, Invesco PowerShares Capital Management LLC has launched three exchange traded funds that invest solely in other ETFs.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
Faced with waves of new exchange traded products, financial advisers are at a loss as to how best to put them to work, a dilemma that is leading product providers to offer more robust educational services.
If you called Daniel Sido's approach to money management robotic, he probably wouldn't mind.
The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
To preserve their watchdog role and face down calls for change, independent mutual fund board chairmen and lead independent directors are banding together.
A rough start to the year has become a kind of backhanded blessing to the Oppenheimer Small & Mid Cap Value Fund (QVSCX).