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International Funds Top Among Strong December Flows
Stock and bond funds experienced net inflows of $39.4 billion in December, following a low net intake of $17.4 billion in November, according to data from the Financial...
IMHO: A Little “Free″ Advice
On Friday, the Department of Labor issued a Field Assistance Bulletin on the “Statutory Exemption for Investment Advice.″
Almost Half of Plans to Add Third-Party Advice in 2007
A new Hewitt Associates study of large US company retirement plans found that 43% offer, or are very likely to offer, third-party investment advisory services in the coming...
Q3 Mutual Fund Growth Better Than Early 2006
The combined assets of mutual funds around the globe climbed 4.1% in the third quarter of 2006 to $20.22 trillion, beating the 2005 numbers for the same quarter...
ProShares to Use Dow Jones Indexes for its ETFs
Dow Jones Indexes announced that 11 of its U.S. indexes have been licensed to ProShares Trust and its affiliates to serve as the basis of 22 leveraged and...
New Managed Account Offering Available for Retirement Plan Participants
MG Advisory and CLS Investment Firm, a third party money manager, have joined together to offer a retirement account management service to plan participants, the firms announced.
It’s Official – Great-West Picks Up Putnam
As anticipated, Putnam Investments has announced that it will be acquired from Marsh&McLennan Companies by Great-West Lifeco Inc., a subsidiary of Power Financial Corporation.
DOL Clarifies PTE Exemption for QPAM, Advice Offering
Transactions between an investment management firm and investment funds managed by a qualified professional asset manager (QPAM) as an option under a retirement plan satisfy a Prohibited Transaction...
Invest n Retire Adds PowerShares to Platform
Portland, Oregon-based Invest n Retire will now offer PowerShares exchange-traded funds (ETFs) on its platform for tax-deferred retirement plans, the companies announced yesterday.
Poor Communication Costs Clients
Lack of communication can be extremely damaging to an adviser-client relationship, and is a frequent reason clients leave their adviser, a new survey says.
ICI: ETF Assets Reach $422B in December
The total combined assets of the nation's exchange-traded funds (ETFs) inched up 2.8% to $422.48 billion in December, according to the Investment Company Institute’s monthly report on the...
Wells Fargo Revises Target Date Share Class Offerings
Wells Fargo Funds Management announced Wednesday that it has added a no-load share class to its lineup of target date funds and that it will close its A,...
If the Bears Win, Will the Bulls Run?
Adherents of the so-called Super Bowl Theory are no doubt grinning ear-to-ear these days, regardless of Sunday’s winner.
International Funds Still the Draw in Fund Flows
Stock funds once again benefited from strong cash inflows, but only thanks to the continued allure of international offerings.
Putnam Investments Now Available on Pershing’s FundVest
Putnam Investments are now offered through FundVest, Pershing’s no-transaction-fee mutual fund platform.
Nationwide Launches Newsletter for Plan Administrators
To help plan administrators keep up with the many legislative provisions impacting their clients in 2007, Nationwide has launched a free, periodic newsletter that will offer ongoing education...
Best Performing Funds Fail to Repeat Performance
Advisers who use performance as the sole, or significant, driver in investment selection might want to rethink their strategy because the latest study of fund performance over time...
State Street ETF To Track Infrastructure Industries
State Street Global Advisors will launch Tuesday an exchange-traded fund (ETF) that that tracks an index of developed and emerging country stocks involved in infrastructure industries such as...
Study Finds Lifecycle Funds Doing Well for Investors
A recent study by the Turnstone Advisory Group LLC in Marina del Rey, California has found that lifecycle funds are doing a good job for their investors but...