Deals & People January 25, 2011

Natixis Expands Retirement Strategy Group

Natixis Global Associates (NGA) announced two new staff appointments that complete the organizational plan for its retirement strategy group.
Reported by

Paul M. Davidson and Charles N. Johnson have been named vice presidents, retirement strategy. They will be working with financial advisers to provide information for plan sponsors and individual investors. Based in Dallas, Texas, Davidson heads the South Central region, and Johnson is located in San Francisco and oversees the Western region.   

According to the announcement, both report to Matt Coldren, executive vice president and head of the retirement strategy group located in Boston, Massachusetts.   

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“Paul and Chuck each bring an impressive track record of over 17 years of experience and success in the financial services industry. In addition, their knowledge and familiarity with their regions will be valuable assets to help build our retirement business to the next level,” said Coldren.
The Markets January 25, 2011

Investors Preferred Equities in November

Investors worldwide contributed $40 billion of new cash flows to long-term mutual funds in November, two-thirds of which went to equity funds.
Reported by

The popularity of equity funds reflects continued improvement in stock market sentiment, said Strategic Insight, an Asset International company. Bond funds added $6 billion globally, indicating at least a temporary pause of persistently strong inflows to fixed income products since early 2009.   

On a regional level, the U.S. led the way with $18 billion in net flows, followed by cross-border international funds ($16 billion) and local Asia funds ($8 billion), while local Europe funds experienced $6 billion in net redemptions for the month.  

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U.S. equity funds saw a $16 billion net inflow in November, while U.S. bond funds posted no net change. Eleven billion dollars flowed into international/offshore equity funds during the month.  

SI’s Global Mutual Fund Flow Watch report shows that for Asia funds, the equity sentiment was not that strong; Asia equity funds posted a net outflow of $1 billion in November, while Asia bond funds saw a $7 billion net inflow.  

Year-to-date through November investors worldwide pumped $845 billion into long-term mutual funds, led by U.S. funds which posted a net $401 billion inflow. International/offshore funds took in $275 billion, while local Europe funds took in $81 billion. Asia funds posted a net inflow of $65 billion.  

Equity funds took in $133 billion year-to-date through November, while bond funds posted a net $566 billion in new cash. 

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