Products September 12, 2011

Fifth Third Bank Launches Retirement Planning Site

Fifth Third Bank announced changes to its retirement planning site in response to feedback it collected through surveys, focus groups, and other interactions with its 401(k) clients.
Reported by

Fifth Third said it updated the Web site Retire.53.com. The redesigned site will provide a more personalized experience offering Fifth Third Bank clients the tools and information they need to help them take control of their retirement. 

The new site, which is scheduled to be available in early October, offers the following enhancements: 

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  • A cleaner, more user-friendly design which makes navigation simpler and access to information easier to find
  • A projected retirement income tool, which allows participants to see exactly how they are progressing toward their retirement savings goal
  • Planning ideas to help clients close potential gaps between what they need at retirement and their current savings rate 
  • Additional calculators, planning tools, and robust investment information to aid site plan participants to make more informed decisions
The Markets September 12, 2011

Asia Funds See $7B in Mutual Fund Flows in July

Excluding money market programs, local funds in Asia pulled in $7.7 billion in cash flows in July.
Reported by

Bond and real estate products collected $6.2 billion and $3.2 billion, respectively, while stock and mixed funds together experienced $1.5 billion in net redemptions.

According to Strategic Insight, an Asset International company, Japan funds pulled in a total $6.3 billion, with real estate funds leading the way at $3.2 billion, followed by bond high yield funds ($2.6 billion) and bond Asia Pacific funds ($ 2.2 billion). Bond global funds lost a net $1.4 billion.  

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China experienced net inflows of $3.8 billion in July. Equity Asia Pacific funds posted a $3.3 billion net inflow, and guaranteed/protected funds pulled in $2.5 billion. Excluding money market funds (which lost a net $4.3 billion in assets), the highest outflow was from mixed flexible funds at $755 million.  

In Hong Kong, funds pulled in a net $1.3 billion. The highest inflows were posted by equity Asia Pacific funds ($515 million).   

Japan’s Shinko US-REIT Open Fund, advised by Invesco Advisers, remained the top-selling fund in the region, attracting another $1 billion in July, and over $7 billion altogether so far this year.

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