Putnam Investments has launched the Putnam Short Duration Income Fund, which seeks to combine characteristics of both money market funds and ultra-short bond funds.
Putnam Investments is introducing the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, along with a Retirement Income Analysis Tool.
U.S. mutual fund investors withdrew an estimated $5 billion out of U.S. stock and bond mutual funds last month, according to Strategic Insight, an Asset International company.
BlackRock, Inc. launched three mutual funds featuring alternative investment strategies available to the firm's U.S. retail and high net worth client base.
Touchstone Advisors, Inc. has entered into a definitive agreement with Old Mutual Asset Management (OMAM) to acquire select assets of OMAM’s U.S. mutual fund business.
The TCW Group has launched the MetWest Unconstrained Bond Fund, the first fund from Metropolitan West Asset Management since its acquisition by TCW in December 2009.
Stock and bond funds experienced net outflows of $32.8 billion from long term funds last month, according to data from the Financial Research Corporation (FRC).
In spite of market volatility, Financial Research Corporation (FRC) expects demand for sub-advised mutual funds to rise and assets to reach $2.2 trillion by 2016, according to industry...