John Baum named chief executive, J. Charles Cardona to be president when Tom Eggers retires.
Passive management for target date funds means stronger results for investors, according to a study.
While more money flowed into Janus Capital Group's mutual funds in 2007 than out - an occurrence not seen since 2000 - advisers are skeptical about whether the once-troubled fund company has regained its footing completely.
Meet the "schmeek." Financial advisers' increasing appetite for intricate details about the mutual funds and other investment products that they recommend to clients is forcing wholesalers back to school to learn how to talk to advisers.
The manager of the Aston/Veredus Select Growth Fund (AVSGX), B. Anthony Weber, knows that market conditions have been taking a toll on his investment strategy, but he insists that the validity of his approach remains solid.
Overcrowding is behind a nearly 18% slump in the number of mutual funds launched in 2007 and a comparable percentage jump in those merged out of existence.
In a bid to take advantage of the stock market's volatility, mutual fund companies are reopening closed funds at a record pace.
The minor-league status of WisdomTree Investments Inc. in the world of exchange traded funds could change following a deal struck last month with The Dreyfus Corp.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Two mutual funds that offer set payouts and principal guarantees have been launched, with more expected, but financial advisers think the guarantee is flimsy.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
A Euro Fund and Sterling Fund will be rolled out, most likely sometime this summer, said founder Bruce Bent.
InvestmentView, one of the first software tools to use hypothetical comparisons to help advisers recommend mutual funds, is being re-launched today by Thomson Financial.
A gloomy market outlook is making gold shine bright, but financial advisers are divided as to whether it deserves a place in most clients' portfolios.
The Investment Company Institute has created a committee for exchange traded funds in what some say is an effort to head off the possibility that ETF providers will create their own trade association.
Federated Investors Inc. launched the Federated Kaufmann Large Cap Fund this month in a bid to capitalize further on the success of star managers Lawrence E. Auriana and Hans P. Utsch.
One very large player figured only marginally in the scandals of the 1990s — the $7 trillion mutual fund industry.
Fund Architects LLC, which promises to provide small investors with institutional-quality money management, legitimately can claim that it thinks outside the box.
The firms will join forces to offer international cash- and fixed-income exchange traded fund products.
