New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Assets in the exchange-traded fund industry totaled about $689 billion as of Oct. 30, down 0.8%, or $5.3 billion, from a month earlier, according to a report last week from State Street Global Advisors.
Van Eck Global today launched its second gold exchange-traded fund, <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091111/FREE/911119983>just as the price of gold was surging to a new all-time high.</a>
Exchange-traded-fund providers in the coming year will have to focus on making sure financial advisers understand their products — and how to use them in client portfolios — as they anticipate increased scrutiny from regulators and the media, according to participants at an ETF round table last week at <i>InvestmentNews'</i> New York offices.
John Hancock Funds LLC is looking to double the size of the sales team that targets registered investment advisers to 12, according to Keith Hartstein, the company's president and chief executive.
Investors should be careful not to let the “sticker shock” of the latest unemployment data derail them from their long-term investment strategies, according to Uri Landesman, head of global growth at ING Investment Management Americas.
Investors should take a cautious approach to the equity markets at this point in the stock market rally, according to Tim Knepp, chief investment officer of Genworth Financial Asset Management.
Total money market mutual fund assets fell by $3.68 billion to $3.335 trillion for the week, the Investment Company Institute said Thursday.
The fund managers who invest based on macroeconomic trends — and are willing to adjust their portfolios as those trends change — are the managers most likely to add value for investors, according to a study released today by the New York University Stern School of Business.
Last year's $226 billion worth of net outflows from mutual funds reflects a larger trend in investor behavior, according to a new research report.
Several financial advisers said that they agree with the Supreme Court justices who appeared to suggest during oral arguments last week that the Securities and Exchange Commission, and not the courts, should ultimately decide when mutual fund fees are excessive.
With Congress advancing its controversial 1,900-page health care reform legislation, Wall Street has pushed health care sector stocks into value territory, according to Tyler Dann, co-manager of the $4.8 billion Aim Charter Fund (CHTRX).
A focus on market volatility has become a driving force behind the Direxion/Wilshire Dynamic Fund (DXDWX), according to portfolio manager Cleo Chang.
More than twice the number of target date funds have liquidated this year than in all of 2008, indicating how difficult it is for asset managers unaffiliated with 401(k) record keepers to build assets in such funds.
Around 70% of equity mutual funds increased their expense ratios during the worst of the financial crisis, according to a study released today by Lipper Inc.
Exchange-traded-fund providers in the coming year will have to focus on making sure financial advisers understand their products — and how to use them in client portfolios — as they anticipate increased scrutiny from regulators and the media, according to participants in today's ETF round table at InvestmentNews' New York offices.
The federal courts should resolve the question of whether mutual funds are charging too much in fees, the Supreme Court says.
BrightScope, a San Diego, Calif.-based 401(k) data and analytics firm, announced on Monday a partnership with Target Date Analytics LLC to launch the BrightScope On Target Index. Effective today, plan sponsors and advisers who sign up to use BrightScope's online tools to compare their plans' performance to others will now also be able to benchmark the target date funds within their plans.
On the day before it is set to roll out its first set of exchange-traded funds, The Charles Schwab Corp. announced a bold move today: the funds will be made available commission-free for clients with Schwab accounts.
