American Funds edged out the Vanguard Group as the best-selling fund group in March with $7.2 billion, while Vanguard ended the month with $6.5 billion.
XTF has introduced nine new ETF-based mutual fund portfolios, available with four pricing models, targeted for the 401(k) market and retail advisers.
Prudential Retirement has introduced three new institutional sub-advised funds that will be managed in a manner consistent with socially, ethically and morally responsible investing.
In order to better generate retirement income for investors, the investment management arm of State Street Global Advisors has changed the asset allocations of its target date fund strategies.
MSCI Barra has developed a global family of Islamic indices designed to reflect the Shariah investment principles.
Combined assets of the world’s mutual funds increased 7.6%, to $21.76 trillion at the end of the fourth quarter of 2006 and 22.5% for the year, according to the Investment Company Institute (ICI).
Investors would do well to focus on the mid-cap asset class in 2007, according to Standard&Poor's Equity Research Services.
Hedge funds posted 2.10% returns for the first quarter, outperforming the S&P 500 and the MSCI World Index, according to research from Morningstar, Inc.
Participants in 401(k) plans seemed to be looking for stability in their investments in March, moving $572 million from equities to fixed income over the month, according to the Hewitt 401(k) Index.
Nearly half (43%) of advisers believe that international investing continues to offer the best opportunities for portfolio diversification, although they say that correlations are increasing across the globe.
The world’s developed equity markets gained 1.97% in March with emerging stock markets gaining 4.12%, after both were in the red the month before, according to Standard&Poor's The World by Numbers report.
Twenty-two new exchange-traded funds (ETFs) launched in March and total assets of U.S. ETFs increased by $9 billion, according to State Street Global Advisors.
Looks like Bill Gates will have to 'shop around.'
Over the past 12 months, assets of exchange-traded funds (ETFs) increased $110.99 billion (34.4%), according to the Investment Company Institute (ICI).
The latest Russell Investment Group poll of U.S. money managers finds an optimistic outlook tempered by concerns about conditions that could cause a market stumble.
A recently released white paper from JPMorgan Asset Management Group suggests most industry assumptions for target-date funds are oversimplified.
More than two-thirds of major mutual fund companies have negative customer loyalty scores, according to a recent study by Cogent Research.
However, their sense of the next six months for other economic indicators is mixed.
Asset allocation funds offer a tremendous opportunity for all involved, including advisers, investors and the industry, said Jim Tracy, National Sales Director of The Hartford Mutual Funds.
“Terrible Tuesday,″ February 27, 2007, “wasn’t the big one,″ it was just a squall, according to Quincy Krosby, Chief Investment Strategist at The Hartford Financial Services Group, Inc.