Newly released data from the Investment Company Institute (ICI) indicates that 65% of total U.S. retirement assets during 2008 were held in employer-sponsored retirement plans.
Tag: Mutual funds
Natixis Global Associates (NGA), the distribution arm of Natixis Global Asset Management, said it will close the Vaughan Nelson Small Cap Value Fund (ticker: NEFJX) to new investors effective July 31.
The Securities and Exchange Commission (SEC) on Monday charged Boston-based Evergreen Investment Management Company with securities law violations for overstating the value of a mutual fund that invested primarily in mortgage-backed securities.
Baring Asset Management announced the launch of an international small-cap product for institutional investors in the U.S.
Invesco Aim announced the launch of AIM Balanced-Risk Allocation Fund (ABRZX), which uses a proprietary risk management process with the potential to generate consistent returns in any economic environment.
Pershing said it has added Neuberger Berman, The Hartford Mutual Funds, and T. Rowe Price to FundVest, Pershing's mutual fund platform.
Federated Investors, Inc., announced a definitive agreement with Touchstone Advisors, Inc. under which Federated will acquire certain assets related to the management of Touchstone Value Opportunities Fund and Touchstone Diversified Small Cap Value Fund.
Putnam Investments launched two new funds that collectively invest across the full spectrum of securities of leveraged companies.
Turner Investment Partners announced the launch of the Turner Spectrum Fund, a no-load, open-end mutual fund.
Franklin Templeton Investments announced the introduction of the Mutual International Fund.
Van Kampen Funds has launched a new series of six equity mutual funds advised by Van Kampen Asset Management and sub-advised by O'Shaughnessy Asset Management (OSAM).
TDAM USA Inc. announced the launch of a new mutual fund for institutional investors.
JennisonDryden reopened the Jennison Health Sciences Fund (Class A: PHLAX) to all investors, effective immediately.
PIMCO launched the PIMCO Long-Term Credit Fund, an actively managed portfolio that aims to take advantage of opportunities in long-dated investment grade corporate bonds.
Fidelity Investments has announced plans to reopen two existing funds, and to open a third.
Hennessy Advisors, Inc., acquired the assets related to the management of the Tamarack Large Cap Growth Fund and the Tamarack Value Fund, the company said.
Shares of Vanguard's new international small-cap index fund , Vanguard FTSE All-World ex-US Small-Cap Index Fund, are now available for purchase.
Janus Capital Group Inc. announced that the Janus Adviser Series fund (JAD) trust will be merged into the Janus Investment Fund (JIF) trust.
Perkins Investment Management LLC, a subsidiary of Janus Capital Group, announced that Perkins Small Cap Value Fund (JSCVX) reopened to new investors, effective Friday.
Fidelity Investments launched three new Fidelity Advisor Funds: Fidelity Advisor Global Balanced Fund, Fidelity Advisor Worldwide Fund, and Fidelity Advisor Convertible Securities Fund.