The new ETF is designed to provide access to certain equity markets in the Middle East and North Africa.
Investors can bet on the price of oil going up or down or hedge other investments with the securities.
The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
Hedge fund performance replication has come to the mutual fund industry in the form of the IQ Alpha Hedge Strategy Fund.
The Baltimore-based firm will contribute $240 million to bail out three money market funds of one of its subsidiaries.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Financial advisers are looking to punish The Charles Schwab Corp. for leaving them in the lurch after its bond funds suffered when investments in mortgage-backed securities went sour.
As an innovation, ETFs have no peer.
Competing in a crowded, cost-focused market, 20-year-old Hennessy Funds is putting an emphasis on distribution.
After more than seven years of tapping into the Internet for the best stock pickers who are willing to run a virtual portfolio, Marketocracy Inc. has produced a top-tier mutual fund that is loosely subadvised by an eclectic group of individuals, most of whom have no connection to Wall Street.
A handful of exchange traded funds are looking to give investors access to frontier markets, or countries that are less developed than traditional emerging markets.
Economic uncertainty and market volatility are taking donor-advised funds on a roller coaster ride.
Investors put more than $75 billion into mutual funds in May, as stock, bond and money market funds reported positive inflows.
