Barclays PLC might receive about $927 million from Sumitomo Mitsui Financial Group Inc. to bolster its depleted balance sheet.
Target date funds are benefiting from the requirement that 401(k) plans include qualified default investment alternatives.
The firm's Micro Cap Value Fund and International Opportunities Fund will close to new retail investors June 30.
The ETNs are designed to track the short and leveraged performance of base metals and oil.
Infrastructure investing is the new name of the game for the Phoenix Global Utilities Fund (PGUAX), which will become the Phoenix Global Infrastructure Fund, effective Aug. 18.
Performance fees appear to deliver what they promise, at least by a little, according to a study by New York-based research firm Lipper Inc.
“Invest as I say, not as I do,” is the philosophy of many fund managers, according to a study by Morningstar.
Ameriprise Financial Inc. hopes its new Threadneedle Funds brand will appeal to third-party financial intermediaries.
In a move to bolster its battered image, long-suffering Putnam Investments last week said that it is hiring industry veteran and former Fidelity Investments executive Robert L. Reynolds as its president and chief executive, effective July 1.
The debate about high mutual fund commissions and conflicts at the point of sale should be put to bed because sales of funds with high upfront commissions are a small part of overall sales, according to a recently released report.
Managers of target date funds have increased their allocations to equities, on average, but some of the funds' specific investment strategies are difficult to discern, a new study from Financial Research Corp. has found.
Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
Select Sector ETFs aim to offer magnified and inverse exposure to indexes in the energy, financial, technology and health-care sectors.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
Exchange traded funds were an oddity at the start of the decade.
In 2018, the mutual fund business will look much like today's, industry experts predict.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
Forward Management will buy Accessor Capital Management, creating a combined firm with $5 billion under management.
Three exchange traded funds from The Vanguard Group Inc. declared a 2-for-1 stock split today.
