Invesco to Expand Suite of DWA Technical Leaders ETFs
Invesco PowerShares Capital Management LLC announced the anticipated listing of the PowerShares DWA SmallCap Technical Leaders Portfolio on July 19, on the NYSE Arca.
News
Mutual Funds Saw Lowest Monthly Intake in June
Long-term mutual funds recorded their lowest monthly intake year to date with just $10.8 billion in new money in June, according to data from Morningstar.
Investment Managers Dim on U.S. Economic Outlook
No recession is forecast, but investment managers show less confidence in U.S. economy, according to Northern Trust’s second-quarter survey.
Commonfund Names Director of Market Risk
Commonfund has hired Irakli Odisharia as director in its Risk Management Team.
Lincoln Financial Names Sales Director for Institutional Retirement
Chris Somers joined Lincoln Financial Distributors (LFD) as a regional sales director for the Institutional Retirement Solutions Distribution (IRSD) team.
Franklin Templeton Announces Leadership Roles in Consultant Relations
Andrew Ashton and Dennis Rothe were appointed to new roles in Franklin Templeton Investments’ advisory service divisions.
Health Care Reform Could Prompt Earlier Retirement
Provisions of the Patient Protection and Affordable Care Act (PPACA) could cause employees to retire earlier because of health care coverage available after leaving their companies.
Janus Institutional Adds to Team
Janus Capital Group Inc. announced two institutional appointments to strengthen its institutional client and consultant relationships in the U.S.
Seniors, Retirees Could Feel Pinch of Dividend Tax Hike
A dividend tax rate hike scheduled for January might have an impact on Americans who rely directly and indirectly on dividends, a study found.
Arnott Succeeds Hartstein as CEO of John Hancock Funds
John Hancock Funds announced Keith F. Hartstein’s retirement and Andrew G. Arnott as his replacement as president and chief executive.
A Reminder About Information Sharing Agreements
The Internal Revenue Service (IRS) has made it clear that it will look for information sharing between 403(b) plan sponsors and vendors with 2009 plan audits.
ETF Assets Continue Strong Growth in June
U.S. exchange-traded funds (ETFs) enjoyed $16 billion in net inflows in June, their best month since February’s $15 billion in net inflows.
Mutual Fund Investors Show Caution in June
Investors stayed tense over global economic growth, with estimated net inflows of just $13 billion into stock and bond mutual funds in the U.S. in June.
Six Financial Advisers Join Capital Investment Team
Capital Investment Companies has added Charles Pendergraft II, John Zachary Carnes, Cort Meinelschmidt, Chelsea Miller, J. Marshall Culp III and James Beam as advisers.
Zephyr Upgrades Analytics Center
Mutual fund data was made available on Zephyr Associate Inc.’s website for investment professionals globally, StyleAdvisor.com.