The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its director of investment management marks the first time that the SEC has named an industry executive with no legal background to the position
In light of the extreme volatility in the municipal bond market, The Vanguard Group Inc. has withdrawn the documents it filed with the Securities and Exchange Commission to launch three muni bond index funds and three exchange-traded funds, as first reported on InvestmentNews.com.
Standard & Poor's foresees improving real gross domestic product (GDP) growth in 2011, and also foresees gains in the broader U.S. stock market following a 14% gain (as measured by the S&P 1500) in 2010.
First Trust Portfolios LP has filed with the Securities and Exchange Commission to launch nine international exchange-traded funds as part of its AlphaDex series.
Like other brokerage firms, The Charles Schwab Corp. is known to be self-protective about its discount brokerage customers. And like other firms, it has sued former brokers whom it suspects of violating prohibitions against soliciting clients.
Asset manager sues its ex-investment chief again, this time for allegedly misappropriating trade secrets
To avoid future panics in money market funds, the mutual fund industry is calling on federal regulators to force broker-dealers to disclose information about their money fund clients.
It's been slow in coming, but the mutual fund industry is finally beginning to offer specifics about the type of backstop it wants to set up for money market funds.
Two out of three say they have little or no knowledge of exchange-traded funds; 'too complicated' for 15%
F. William McNabb II is nervous. His firm, The Vanguard Group Inc., has been on a run lately
Fund firm says it received request for general information; FBI widening net in probe of expert networks
Glavin says firm is mulling possibility of converting mutual funds into exchange-traded funds; won't introduce 'clones'
Firm plans to reinstate charges when yields rise; for now, asset manager will 'forgo profitability'
Huntington Asset Advisors Inc. may be the first fund company to convert an existing mutual fund into an actively managed exchange-traded fund, but it won't be the last, some observers predict.
F. William McNabb III has had an eventful time since he became president and chief executive of The Vanguard Group Inc. in August 2008
Firm has launched six such funds in the past two months – with more on the way
Ford Motor Co. Ticker:(F) president and chief executive Alan Mulally has been named 2010 CEO of the Year by Morningstar Inc.
Standard & Poor's Financial Services LLC is bullish on large-cap stocks — and is giving a nod to Walden Asset Management, Invesco Ltd. and Brown Brothers Harriman & Co. as three firms that could produce top-performing large-cap mutual funds in 2011.
The acronym TMT took a beating nearly than a decade ago, when a number of telecom services (T), media (M), and the information technology stocks (T) declined sharply. Since then many diversified mutual fund managers have focused on these now recovered industries and a small number of funds have narrowed their sights to just the TMT space with success.
