Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
Select Sector ETFs aim to offer magnified and inverse exposure to indexes in the energy, financial, technology and health-care sectors.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
Exchange traded funds were an oddity at the start of the decade.
In 2018, the mutual fund business will look much like today's, industry experts predict.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
Forward Management will buy Accessor Capital Management, creating a combined firm with $5 billion under management.
Three exchange traded funds from The Vanguard Group Inc. declared a 2-for-1 stock split today.
Dollar Bull 2.5x Fund seeks daily investment results, before fees and expenses, of 250% of the performance of the U.S. Dollar Index.
The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them.
The firm had added American Funds, JennisonDryden, OppenheimerFunds Inc. and Van Eck Global to its mutual fund platform.
After five years when investing in Latin America was virtually a sure thing, some industry experts are beginning to caution that the good times may be coming to an end.
The theory behind the Dunham Appreciation & Income Fund (DNAIX) is that by allocating half the portfolio to convertible bonds and preferred stocks and the other half to common stock, investors will experience a smoother long-term ride.
Like Goldilocks, financial advisers can't seem to find many new retirement income products that are "just right."
More than 400 executives from 50 mutual fund and financial services companies are expected to raise $650,000 June 12 at the 14th annual Expect Miracles Golf Classic, sponsored by Mutual Funds Against Cancer.
A recent court ruling makes it harder for investors who want to sue mutual fund advisers over "excessive fees," but the case may be headed to the U.S. Supreme Court.
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.
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.
