Products July 15, 2010

Diversified Offers Mobile Site Access

Diversified Investment Advisors has introduced Diversified Direct Mobile that allows participants to monitor their accounts from their mobile devices. 

Reported by

A news release said the new system allows participants to access all their accounts through Diversified’s Web site, www.divinvest.com.  The system can be accessed via Windows, Android, iPhone, or iPod touch devices.

“Providing account access to retirement plan participants wherever they are 24/7 has become a business imperative in today’s world,” said Gerard Rescigno, senior vice president and chief technology officer, in the news release.  “We are committed to finding new and unique ways of leveraging technology to deliver more effective and flexible solutions to participants. And, by keeping the retirement outlook front and center, we’re making sure that participants stay focused, not just on accumulation, but on the retirement income stream.”   

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The Markets July 15, 2010

Bond Funds Dominate Mutual Fund Inflows through June

Flows into U.S. mutual funds reached $13.5 billion in June, according to data from Morningstar.  

Reported by

Mutual funds saw inflows in five of the last six months, gathering $166.7 billion in the first half of 2010 – about 24% higher than total inflows for the same period in 2009.   

Investors added $17.6 billion to taxable-bond funds in June, bringing the total inflows to $119.6 billion during the first two quarters of 2010. Municipal-bond funds took in nearly $2 billion in June and $19.5 billion for the year-to-date period.   

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Despite the year-to-date losses sustained by the MSCI EAFE Index and continuing worry about the downturn in foreign stocks, year-to-date inflows for international-equity funds reached $19.6 billion, while domestic-stock funds experienced outflows of nearly $17 billion, Morningstar said.  

Alternative mutual funds, many of which were launched since the credit crisis, have recorded record inflows. PIMCO Fundamental Advantage Total Return has the led the way, taking in nearly $3.3 billion over the past 12 months through June.   

Money market funds have lost $790.5 billion in assets over the past 12 months, with almost 80% of those outflows coming from institutional share classes.   

To view the complete report, please visit http://www.global.morningstar.com/juneflows10. 

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